Gold edges higher as traders ease rate hike bets on Warsh speech
7 Articles
7 Articles
Gold edges higher as traders ease rate-hike bets on Warsh speech
Gold has held above the key $4,000-an-ounce support threshold since August, with its status as a safe haven asset providing a floor since a war-driven slump pushed it into bear territory earlier this year.
Gold edges higher as investors assess Fed rate-hike odds
In early Asian trading, gold prices saw a modest uptick as speculation swirled regarding the Federal Reserve's policy stance. Investors are closely watching remarks from Fed Chairman Kevin Warsh on the state of the U.S. economy and rising inflation concerns. As import costs climb, expectations for a rate hike this December are building. Furthermore, unrest in the Middle East is contributing to market volatility, influencing investor confidence.
Gold prices rose in early dealings on Monday, as customers' expectations of the US Federal Reserve raising interest rates declined during the current month, following statements by its President, Kevin Warsh.
Gold Is Losing Its Shine As Risks Mount. Is Dollar Trade Getting Overcrowded?
Last year, gold performed exceptionally well, making its current decline a notable shift. The precious metal is down over 3% this year, with the XAUUSD pair alone shedding almost 4% last month. By mid-October, an ounce fetched around $4,170-$4,180. A primary driver of this trend has been elevated US Treasury yields. The benchmark 10-year yield recently approached 5.07%, increasing the opportunity cost of holding assets that do not generate incom…
Gold Price $4,176: October Hike Odds Fade, Bull Case $4,315
Updated 19 October 2026. Spot gold traded near $4,176 an ounce in Asian trading on Monday 19 October, up about 0.3 percent from Friday's close near $4,166 (ABC News, Goodreturns, FXStreet). Bets on an October Fed hike have faded, the dollar slipped to a two-week low and Brent crude eased about 2 percent from $110. Verdict: the pressure from oil and yields has eased for now, but a December hike is still priced at more than 90 percent, which caps …
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