{
  "id": 14574550,
  "title": "Gold steadies after hitting one-week low",
  "url": "https://urgent.news/2026/10/15/gold-steadies-after-hitting-one-week-low",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T00:53:41.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/10/1555820/gold-steadies-after-hitting-one-week-low"
  },
  "original_language": "en",
  "account": "London gold markets settled at a relatively stable level on Thursday following a one-week low on Wednesday, with inflationary data spurring expectations of an imminent US Federal Reserve rate hike. Spot gold steadied at $4,114.57 per ounce, barely altered from the $4,114.57 level reached on Wednesday. In contrast, US gold futures for December delivery experienced a 0.7 percent increase, climbing to $4,136.10. Reports indicated that the probability of a rate increase this month had risen to approximately 32 percent, up from 22 percent prior to the release of the inflation data, as per the CME's FedWatch Tool. San Francisco Fed president Mary Daly suggested that the US central bank might need to raise short-term interest rates further, although she did not specify a need for a hike at the upcoming Oct 27-28 meeting. Despite being considered a hedge against inflation, gold's appeal diminishes in the face of higher interest rates, which do not yield any interest. Traders are now focusing on the producer price index and retail sales data set to be released later in the day. Other precious metals followed suit, with silver up 0.2 percent at $55.72 per ounce, platinum down 0.5 percent to $1,598.96, and palladium up 0.6 percent to $1,100.25.",
  "summary": "LONDON: Gold prices were nearly steady on Thursday after touching a one-week low in the previous session as hot inflation data boosted expectations of a US Federal Reserve rate hike this month.",
  "key_points": [
    "Gold steadies at $4,114.57 per ounce after one-week low",
    "US Fed rate hike probability rises to 32% from 22%",
    "Traders watch producer price index and retail sales data"
  ],
  "editors_take": "Rising inflation expectations create a tug-of-war for precious metals as the prospect of higher interest rates threatens the traditional appeal of non-yielding assets like gold.",
  "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."
}