{
  "id": 16567040,
  "title": "Gold gains on softer oil prices; Fed decision in focus",
  "url": "https://urgent.news/2026/10/26/gold-gains-on-softer-oil-prices-fed-decision-in-focus-16567040",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T05:33:30.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445953/gold-gains-on-softer-oil-prices-fed-decision-in-focus"
  },
  "original_language": "en",
  "account": "Gold prices rose slightly on Monday as lower oil prices reduced inflation concerns, while investors awaited the Federal Reserve's policy decision in the coming week. Spot gold increased by 0.4% to $4,009.87 per ounce by 0342 GMT, following its lowest level since mid-July in the previous session. US gold futures for December delivery climbed 0.4% to $4,023.50. Analyst Kyle Rodda noted that the price increase was primarily due to relief from lower oil prices, but it could be limited as traders position themselves for the Federal Open Market Committee's meeting. Oil prices fell on Monday after surging to near six-month highs at the end of last week, but ongoing attacks on Saudi Arabia kept supply concerns in focus. Qatarian mediators were in Tehran on Sunday to help de-escalate regional tensions in coordination with the United States. The next key economic data release from the US will be the Personal Consumption Expenditures (PCE) data, which tracks inflation closely watched by the central bank. Market expectations are for the Fed to keep interest rates unchanged this week, with expectations for a hike in December at 75%, according to CME's FedWatch Tool. Even though gold is traditionally viewed as an inflation hedge, higher interest rates can reduce the appeal of non-yielding bullion for investors. US business activity slowed slightly in October, but strong demand allowed companies to raise prices for goods and services, suggesting that inflation could continue to rise and remain high in the months ahead. Silver rose 0.6% to $54.19 per ounce, platinum remained steady at $1,551.31, and palladium increased 0.6% to $1,050.50.",
  "summary": "Gold prices edged higher on Monday as softer oil prices tempered inflation concerns, while investors awaited the Federal Reserve’s policy decision later this week. Spot gold rose 0.4% to $4,009.87 per ounce by 0342 GMT, after hitting its lowest level since mid-July in the previous session. Bullion posted a 4% weekly fall on Friday, its steepest weekly decline since June. US gold futures for…",
  "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."
}