{
  "id": 17157851,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T01:55:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-prices-edge-lower-us-inflation-data-reinforces-fed-outlook"
  },
  "original_language": "en",
  "account": "Gold prices experienced a slight decrease in early Asian trade on Friday, October 30, as higher US inflation continued to suggest additional Federal Reserve rate hikes. Spot gold dropped 0.4% to $4,006.06 per ounce, while December gold futures fell 0.3% to $4,018.50. Despite the weekly gain for bullion, the market remains on track for a second consecutive monthly decline. In September, US inflation surged as consumers faced higher costs for fuel and other products, reinforcing expectations of a December interest rate increase from the Fed. Traders now believe there is a 75% chance of a rate hike in December, according to the CME's FedWatch Tool. Higher interest rates make holding non-yielding gold less attractive, decreasing its appeal to investors.",
  "summary": "Bullion is headed for a modest weekly gain but on track for a second consecutive monthly decline",
  "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": "FXStreet",
        "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",
        "published": "2026-10-29T23:18:51.000Z"
      },
      {
        "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"
      }
    ]
  },
  "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."
}