{
  "id": 17144805,
  "title": "Gold falls to near $4,000 as US PCE data reinforces December Fed hike odds",
  "url": "https://urgent.news/2026/10/29/gold-falls-to-near-4-000-as-us-pce-data-reinforces-december-fed-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T23:18:51.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-falls-to-near-4-000-as-us-pce-data-reinforces-december-fed-hike-odds-202610292318"
  },
  "original_language": "en",
  "account": "Gold prices fell to near $4,000 on Friday as US Personal Consumption Expenditures (PCE) data bolstered expectations of a Federal Reserve rate hike this year. The September PCE Price Index rose 0.5% from August's 0.3% increase, meeting expectations. Inflation concerns continue to drive a negative sentiment towards gold. The Federal Open Market Committee (FOMC) maintained interest rates in a 3.75%-4% range at their October meeting, with Fed Chair Kevin Warsh confirming the central bank has not achieved price stability. Markets now foresee a 74.9% probability of a US rate hike in December, according to the CME FedWatch tool. Gold is viewed as a safe-haven asset during turbulent times, with central banks holding the most significant gold reserves to support their currencies. High gold reserves can instill trust in a country's solvency. Gold has an inverse correlation with the US Dollar and US Treasuries, meaning that a weaker dollar typically leads to higher gold prices.",
  "summary": "Gold price (XAU/USD) falls to around $4,015 during the early Asian session on Friday. The precious metal loses ground as US inflation data reinforced expectations of a Federal Reserve (Fed) interest rate hike later this year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Moneyweb",
        "title": "Gold dips to near $4 000 as Fed holds rates with little guidance",
        "url": "https://urgent.news/2026/10/29/gold-dips-to-near-4-000-as-fed-holds-rates-with-little-guidance",
        "published": "2026-10-29T08:00:05.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Gold prices edge lower as US inflation data reinforces Fed outlook",
        "url": "https://urgent.news/2026/10/30/gold-prices-edge-lower-as-us-inflation-data-reinforces-fed-outlook-17159128",
        "published": "2026-10-30T01:21:22.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold prices edge lower as US inflation data reinforces Fed outlook",
        "url": "https://urgent.news/2026/10/30/gold-prices-edge-lower-as-us-inflation-data-reinforces-fed-outlook",
        "published": "2026-10-30T01:55:00.000Z"
      }
    ]
  },
  "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."
}