Dollar Holds Losses as Markets Await Fed Minutes, Speakers
Spot gold fell 1.1% to $4,118.09 as traders awaited Fed minutes for clues on interest-rate policy and the dollar climbed.
- Gold rose 0.3% to $4,206.01 per ounce on Monday, October 12, 2026, supported by a softer US dollar and lower oil prices as investors awaited key inflation data.
- Escalating Middle East conflict keeps investors wary, while minutes from the September Federal Reserve meeting indicate policymakers remained divided over the rationale for potential further rate increases.
- According to the CME FedWatch tool, traders price in a 17% chance of a rate hike in October and an 86% probability of an increase by December.
- US President Donald Trump announced an energy ceasefire between Russia and Ukraine on Sunday, October 11, 2026, contributing to lower oil prices that supported gold's recent gains.
- Markets await the US consumer price index report later this week, which remains critical for determining the near-term trajectory of the US dollar and future Federal Reserve policy.
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The dollar is still near its 1.5-year high at the beginning of the week, with investors focused on Middle East tensions and Wednesday's US inflation data. Yemen's Houthis have stepped up their attacks on Saudi energy facilities, but the price of Brent crude fell to $103.3 after US President Donald Trump announced a ceasefire in the Ukraine-Russia energy dispute. The forint started the week above 365 against the euro and around 326 against the do…
Gold prices rose on Monday, supported by a weaker dollar and lower oil prices, as investors awaited key U.S. inflation data this week for clues about the Federal Reserve's next monetary policy move. Spot gold rose 0.3% to $4,206.01 per ounce by 02:53 GMT, after hitting its highest level since October 2 earlier in the day. U.S. gold futures for December delivery also rose 0.3% to $4,230.40. Among other precious metals, spot silver rose 0.5% to $6…
The strengthening of the dollar continues as strong oil prices press the currencies of energy-importing countries and fears of global inflation persist
Gold is getting more expensive amid a weakening dollar and lower oil prices
Gold is getting more expensive amid a weakening dollar and lower oil prices. At the maximum, the price of the December futures on the Comex exchange reached $4,232.9 per ounce.As of 13:44 Moscow time, the contract was trading at $4,305.87 per ounce...
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