{
  "id": 1622479,
  "title": "Gold extends gains on easing rate-hike fears, markets await Fed minutes",
  "url": "https://urgent.news/2026/08/18/gold-extends-gains-on-easing-rate-hike-fears-markets-await-fed-minutes-1622479",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T03:20:27.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-extends-gains-on-easing-rate-hike-fears-markets-await-fed-minutes/article71358834.ece"
  },
  "original_language": "en",
  "account": "Gold prices surged for three consecutive days on Tuesday as concerns surrounding a potential US interest rate increase next month subsided. Traders were eagerly anticipating minutes from the Federal Reserve's latest meeting, which could provide additional insights into the central bank's future monetary policy stance. Spot gold increased by 0.2% to $4,424.28 per ounce by 0130 GMT, while US gold futures for December delivery rose 0.2% to $4,480.90. The US dollar remained near multi-month lows against major currencies, making dollar-denominated metals more affordable for investors holding other currencies. This price movement was fueled by softer-than-expected US economic data last week, which has increased optimism that the Federal Reserve would keep interest rates unchanged for the remainder of the year. According to a Reuters poll, most economists anticipate the central bank will maintain its key interest rate throughout the year. This optimism has led to a near-65% probability of a rate hold in the September meeting. As market participants await the Fed's minutes, which are expected to be released on Wednesday, gold is also regaining its reputation as a safe-haven asset. Recent hawkish statements from Iran have contributed to this trend, as the country's military is expected to adopt a more aggressive stance due to stalled negotiations for a permanent end to the conflict with the US. Other precious metals followed gold's upward trajectory, with spot silver rising 0.9% to $66.40 per ounce, platinum increasing by 0.2% to $1,772.75, and palladium falling 0.3% to $1,330.05.",
  "summary": "Spot gold was up 0.2% at $4,424.28 per ounce by 0130 GMT, while US gold futures for December delivery edged 0.2% higher to $4,480.90",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Gold gains momentum above $4,400 as softer US data dampens Fed hike odds",
        "url": "https://urgent.news/2026/08/17/gold-gains-momentum-above-4-400-as-softer-us-data-dampens-fed-hike",
        "published": "2026-08-17T23:27:26.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold extends gains on easing rate hike fears, markets await Fed minutes",
        "url": "https://urgent.news/2026/08/17/gold-extends-gains-on-easing-rate-hike-fears-markets-await-fed-minutes",
        "published": "2026-08-17T23:59:56.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Gold extends gains on easing rate-hike fears, markets await Fed minutes",
        "url": "https://urgent.news/2026/08/18/gold-extends-gains-on-easing-rate-hike-fears-markets-await-fed-minutes",
        "published": "2026-08-18T02:47:55.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Gold extends gains on easing rate-hike fears, markets await Fed minutes",
        "url": "https://urgent.news/2026/08/18/gold-extends-gains-on-easing-rate-hike-fears-markets-await-fed-minutes-1617444",
        "published": "2026-08-18T02:58:56.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Gold extends gains on easing rate-hike fears, markets await Fed minutes",
        "url": "https://urgent.news/2026/08/18/gold-extends-gains-on-easing-rate-hike-fears-markets-await-fed-minutes-1623588",
        "published": "2026-08-18T03:27:00.000Z"
      }
    ]
  },
  "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."
}