{
  "id": 12772160,
  "title": "Gold prices recover from two-month low as dollar rally stalls",
  "url": "https://urgent.news/2026/10/08/gold-prices-recover-from-two-month-low-as-dollar-rally-stalls",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T02:47:48.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443229/gold-prices-recover-from-two-month-low-as-dollar-rally-stalls"
  },
  "original_language": "en",
  "account": "Gold prices rose on Thursday as the US dollar weakened from an 18-month high, assisting the precious metal to recover from a two-month low, while traders contemplated the possibility of another Federal Reserve rate increase this year. Spot gold was up 0.5% at $4,132.66 per ounce by 0140 GMT. Earlier in the week, bullion prices hit their lowest point since August 5 as a stronger dollar and higher US Treasury yields put pressure on the market. US gold futures for December delivery climbed 0.4% to $4,157.60. The dollar's decline made greenback-priced gold more attractive to buyers using alternative currencies. \"The short-term investment outlook for gold remains uncertain. For now, it continues to operate as a seller's market, and we would need to witness a break above $4,275 to become more optimistic about near-term upside,\" stated Chris Weston, head of research at Pepperstone. Oil prices increased due to ongoing Middle East supply concerns stemming from shipping attacks. Fed policymakers debated the need to raise interest rates last month, with some participants arguing it was required to counter energy and other price shocks, while a more hawkish minority believed it was essential to prevent demand-driven inflation, according to minutes. Traders currently view an 18% probability of a rate hike later this month, but price an 80% chance of a rise in December, according to CME's FedWatch tool. Higher interest rates reduce the appeal of non-yielding gold. Oil prices declined as Middle East exports and G7 stockpile accumulation alleviated supply worries. The global economy faces threats from persistently high energy costs, record public debt, and risks stemming from the AI investment surge, warned International Monetary Fund Managing Director Kristalina Georgieva, urging governments to adopt protective fiscal and monetary policies.",
  "summary": "Gold prices edged higher on Thursday as the dollar eased from an 18-month peak, helping bullion recover from a two-month low, while traders weighed the prospect of another US Federal Reserve rate hike this year. Spot gold was up 0.5% at $4,132.66 per ounce by 0140 GMT. On Wednesday, bullion prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Gold prices recover from two-month low as dollar rally stalls",
        "url": "https://urgent.news/2026/10/08/gold-prices-recover-from-two-month-low-as-dollar-rally-stalls-12783455",
        "published": "2026-10-08T03:41:00.000Z"
      }
    ]
  },
  "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."
}