{
  "id": 14850553,
  "title": "Gold eases after climbing over 1pct in previous session",
  "url": "https://urgent.news/2026/10/16/gold-eases-after-climbing-over-1pct-in-previous-session",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T02:25:25.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/10/1556612/gold-eases-after-climbing-over-1pct-previous-session"
  },
  "original_language": "en",
  "account": "Gold prices dipped during early Asian trade on Friday, following a surge of more than one percent in the previous session. Investors were trying to anticipate the Federal Reserve's future policy direction. Spot gold fell 0.4 percent to US$4,152.99 per ounce by 0005 GMT, after climbing in the prior session due to a weaker dollar and lower US Treasury yields. However, the decline marked a weekly drop for the precious metal. US gold futures for December delivery increased by 0.1 percent to US$4,173.90. Inflation in the US accelerated in September, with producer prices rising at their fastest rate in 4-1/2 years, indicating that inflation may be spreading beyond energy products. This development followed a report on consumer prices, which showed a sharp rise in gasoline costs in September. According to CME's FedWatch Tool, there is now a 28 percent chance of a rate increase later this month and a 93 percent probability of an increase in December. Chicago Fed President Austan Goolsbee expressed concern over the stronger-than-expected inflation data. While gold is often seen as a hedge against inflation, higher interest rates make the non-yielding asset less attractive. Geopolitical events, such as Yemen's Houthi group firing missiles at the presidential palace complex in Aden and killing five people, also impacted the metals market. Silver fell 0.6 percent to US$57.09 per ounce, platinum dropped 0.1 percent to US$1,624.05, while palladium rose 0.2 percent to US$1,128.70, all registering weekly losses.",
  "summary": "BENGALURU: Gold prices inched lower during early Asia trade on Friday after rising more than one per cent in the previous session, while market participants tried to gauge the Federal Reserve's future policy trajectory.",
  "key_points": [],
  "editors_take": null,
  "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."
}