{
  "id": 15555656,
  "title": "Gold edges higher on softer oil; Fed rate outlook in focus",
  "url": "https://urgent.news/2026/10/19/gold-edges-higher-on-softer-oil-fed-rate-outlook-in-focus",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T03:20:49.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444893/gold-edges-higher-on-softer-oil-fed-rate-outlook-in-focus"
  },
  "original_language": "en",
  "account": "Gold prices rose on Monday as weakening oil prices provided support, while investors focused on the Federal Reserve's potential interest rate hike later in the year and searched for further clues about the central bank's policy direction. Spot gold increased by 0.3% to $4,175.60 per ounce, while US gold futures for December delivery gained 0.4% to $4,196.40. Tim Waterer, chief market analyst at KCM Trade, noted that \"Gold is posting a modest rise to start the week. The metal is responding positively to the softer tone in oil prices from an inflation standpoint.\" He added that \"In the near term, a more sustained decline in oil prices or a clearer move lower in yields would be the most constructive catalysts (for gold), as both would ease inflation and rate concerns.\"\n\nOil prices declined on Monday after US President Donald Trump lifted sanctions and tariffs on Russian fuel exports, potentially increasing Russian oil shipments. Meanwhile, US import prices rose more than anticipated in September, driven by higher energy and other goods costs, indicating persistent inflation pressures amid the Middle East conflict. Market participants are now focusing on the Federal Open Market Committee's US interest rate meeting and upcoming Personal Consumption Expenditures (PCE) data, which the US central bank uses to gauge its 2% inflation target.\n\nThe CME's FedWatch Tool indicates a 16% chance of a rate hike this month and a 92% probability of an increase in December. Gold is traditionally seen as an inflation hedge, but rising interest rates diminish its attractiveness due to the lack of yield. Meanwhile, the European Central Bank may raise interest rates by 25 basis points again this year to combat inflation, according to the International Monetary Fund's latest report. Other precious metals followed the trend, with spot silver up 0.9% to $57.54 per ounce, platinum gaining 0.7% to $1,642.29, and palladium rising 1.5% to $1,129.13.",
  "summary": "Gold prices edged higher on Monday as softer oil prices offered support , while investors assessed the chances of a Federal Reserve interest rate hike later this year and looked for fresh signals on the US central bank’s policy trajectory. Spot gold rose 0.3% to $4,175.60 per ounce by 0259 GMT, while US gold futures for December delivery gained 0.4% to $4,196.40. “Gold is posting a modest rise to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Gold Edges Higher as Traders Ease Rate-Hike Bets on Warsh Speech",
        "url": "https://urgent.news/2026/10/18/gold-edges-higher-as-traders-ease-rate-hike-bets-on-warsh-speech",
        "published": "2026-10-18T23:47:43.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold edges higher as traders ease rate hike bets on Warsh speech",
        "url": "https://urgent.news/2026/10/19/gold-edges-higher-as-traders-ease-rate-hike-bets-on-warsh-speech",
        "published": "2026-10-19T00:50:20.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Gold edges higher as investors assess Fed rate-hike odds",
        "url": "https://urgent.news/2026/10/19/gold-edges-higher-as-investors-assess-fed-rate-hike-odds",
        "published": "2026-10-19T02:09:14.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Gold edges higher on softer oil; Fed rate outlook in focus",
        "url": "https://urgent.news/2026/10/19/gold-edges-higher-on-softer-oil-fed-rate-outlook-in-focus-15557180",
        "published": "2026-10-19T03:24:00.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold edges higher on softer oil; Fed rate outlook in focus",
        "url": "https://urgent.news/2026/10/19/gold-edges-higher-on-softer-oil-fed-rate-outlook-in-focus-15557083",
        "published": "2026-10-19T03:39:18.000Z"
      }
    ]
  },
  "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."
}