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Gold Rebounds on Weaker Dollar, Yields; October Fed Hike Bets Subdued
Spot gold rose 1.3% as the dollar weakened and traders cut odds of an October Federal Reserve hike to about 30%, CME FedWatch showed.
- On Thursday, spot gold rose 1.3% to $4,156.52 per ounce, rebounding from a one-week low as the dollar eased and investors assessed Federal Reserve rate-hike odds.
- September producer prices increased by the most in 4-1/2 years, following Wednesday's consumer price report showing inflation accelerating on a surge in gasoline costs.
- Among other metals, spot silver gained 2.1% to $56.78 an ounce, platinum rose 0.6% to $1,616.54, and palladium climbed 3.4% to $1,131.25; the dollar slipped 0.5% while the 10-year Treasury yield hit a three-week low.
- Traders price in a 30% chance of an October Fed rate hike via the CME FedWatch Tool, though San Francisco Fed President Mary Daly and Vice Chair for Supervision Michelle Bowman suggested an immediate hike might not be required.
- Fed Chair Kevin Warsh will speak at the International Monetary Fund's annual meeting at 11:30 p.m. ET tonight, offering potential clues regarding the Federal Reserve's policy direction ahead of this month's meeting.
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13 Articles
13 Articles
Fed Uncertainty Opens Up New Opportunities for Gold - ActionForex
Gold is navigating a mixed backdrop shaped by safe-haven demand, Fed uncertainty and US dollar movements. While US inflation accelerated to 3.7% in September, Fed Chair Warsh’s lack of a clear signal on an October rate hike has eased concerns about further tightening, supporting gold. A weaker US dollar, lower bond yields and ETF demand further support the metal, though rising oil prices and lingering inflation risks limit further gains. Technic…
Gold prices rose more than 1 percent on Thursday (10/15/2026), ending three consecutive trading days of declines.
End of the three-day losing streak.
Coverage Details
Total News Sources13
Leaning Left1Leaning Right2Center0Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
L 33%
R 67%
Factuality
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