{
  "id": 13859920,
  "title": "Gold gains on weaker oil, dollar; US inflation data in focus",
  "url": "https://urgent.news/2026/10/12/gold-gains-on-weaker-oil-dollar-us-inflation-data-in-focus",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T03:25:42.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443775/gold-gains-on-weaker-oil-dollar-us-inflation-data-in-focus"
  },
  "original_language": "en",
  "account": "Gold prices surged on Monday due to a weaker dollar and lower oil prices, as investors eagerly awaited US inflation data for insights into the Federal Reserve's future policy decisions. Spot gold increased by 0.3%, reaching $4,206.01 an ounce, and US gold futures for December delivery also climbed by 0.3% to $4,230.40. Analyst Tim Waterer explained that the energy ceasefire between Russia and Ukraine, reported by President Trump, along with a less volatile dollar, created an opportunity for gold to rise at the start of the week. The energy ceasefire, announced by Trump on Sunday, aimed to be effective immediately, though Ukrainian President Zelenskiy was still awaiting the details. Oil prices dropped as traders anticipated increased Russian supplies. The US dollar remained relatively stable, making gold more affordable for international buyers. Inflation concerns are typically a deterrent for gold, but the current low-interest environment makes non-yielding bullion more appealing. Investors are now eagerly anticipating key US inflation data, including the Consumer Price Index (CPI) on Wednesday, the Producer Price Index (PPI) and retail sales figures on Thursday. FedWatch tool projections indicate a 17% chance of a rate hike in October and an 86% likelihood of an increase by December. Silver prices rose 0.5% to $61.12 per ounce, while platinum and palladium increased by 1% and 1.2%, respectively, to $1,704.70 and $1,161.81.",
  "summary": "Gold rose on Monday , supported by a softer dollar and lower oil prices , as investors awaited key US inflation data this week for clues on the Federal Reserve’s next policy move. Spot gold was up 0.3% at $4,206.01 per ounce, as of 0253 GMT, after hitting its highest since October 2 earlier in the day. US gold futures for December delivery gained 0.3% to $4,230.40. “Softer oil prices on the back…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Gold steady as markets strap in for US inflation data",
        "url": "https://urgent.news/2026/10/12/gold-steady-as-markets-strap-in-for-us-inflation-data",
        "published": "2026-10-12T00:49:32.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold gains on weaker oil, greenback; US inflation data in focus",
        "url": "https://urgent.news/2026/10/12/gold-gains-on-weaker-oil-greenback-us-inflation-data-in-focus",
        "published": "2026-10-12T01:38:01.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "Gold drifts higher above $4,200 on surging ETF inflows, markets await US inflation data this week",
        "url": "https://urgent.news/2026/10/12/gold-drifts-higher-above-4-200-on-surging-etf-inflows-markets-await",
        "published": "2026-10-12T02:13:44.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold gains on weaker oil, dollar; US inflation data in focus",
        "url": "https://urgent.news/2026/10/12/gold-gains-on-weaker-oil-dollar-us-inflation-data-in-focus-13884349",
        "published": "2026-10-12T05:13:08.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Gold prices rise as dollar and oil fall ahead of US inflation data",
        "url": "https://urgent.news/2026/10/12/gold-prices-rise-as-dollar-and-oil-fall-ahead-of-us-inflation-data",
        "published": "2026-10-12T05:52:54.000Z"
      }
    ]
  },
  "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."
}