{
  "id": 12755453,
  "title": "Gold prices edge higher after two-month low",
  "url": "https://urgent.news/2026/10/08/gold-prices-edge-higher-after-two-month-low",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T01:30:33.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1550215/gold-prices-edge-higher-after-two-month-low"
  },
  "original_language": "en",
  "account": "Gold prices inched upwards on Thursday following a two-month low the previous day, as traders awaited further guidance on the US Federal Reserve's interest rate trajectory. Spot gold climbed 0.4% to $4,127.40 an ounce by 0101 GMT, marking a rebound from its lowest point since August 5. US gold futures for December delivery also gained 0.3% to $4,150.60.\n\nMinutes released last month revealed Federal Reserve policymakers were divided on whether to hike interest rates, with some arguing it was necessary to mitigate the impact of energy and other price shocks, while a more hawkish subset viewed it as crucial to curb potential demand-driven inflation. Traders currently view only an 18% chance of a rate hike later this month, yet they still price in an 80% likelihood of a December increase according to CME's FedWatch tool.\n\nThe global economy faces challenges from persistently high energy prices, record public debt, and risks stemming from the AI investment boom, International Monetary Fund Managing Director Kristalina Georgieva cautioned. Governments are urged to implement protective fiscal and monetary policy measures.\n\nOn the geopolitical front, three individuals lost their lives in attacks on Saudi airports, as fighting escalated between Iran-aligned Houthis and Saudi-backed government forces in Yemen. Elsewhere, gold miner Perseus Mining reported strong merger and acquisition activity within the sector but expects dealmaking to remain challenging due to difficulties in agreeing on valuations amidst volatile bullion prices. Among other metals, spot silver rose 0.4% to $60.39, platinum increased 1.4% to $1,653.88, and palladium climbed 1.4% to $1,141.00.",
  "summary": "BENGALURU: Gold prices edged higher on Thursday after touching a two-month low in the previous session, while markets awaited further clarity on the US Federal Reserve's interest rate path.",
  "key_points": [
    "Gold prices rise 0.4% to $4,127.40 after two-month low",
    "Federal Reserve divided on interest rates, 18% chance of hike this month",
    "IMF warns of economic challenges from energy prices and AI investment boom"
  ],
  "editors_take": "Gold's rebound reflects traders positioning for potential interest rate changes, with a December hike still likely, amid global economic challenges and ongoing geopolitical tensions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}