{
  "id": 17178743,
  "title": "Gold slips as higher oil, US inflation data bolster Fed hike bets",
  "url": "https://urgent.news/2026/10/30/gold-slips-as-higher-oil-us-inflation-data-bolster-fed-hike-bets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T04:20:10.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-slips-as-higher-oil-us-inflation-data-bolster-fed-hike-bets/article71643522.ece"
  },
  "original_language": "en",
  "account": "Gold prices fell on Friday due to increasing oil prices, rising US inflation, and stronger signals that the Federal Reserve will raise interest rates. Spot gold dropped 0.6% to $3,997.39 per ounce, while December futures slipped 0.6% to $4,007.80. Analysts noted that gold's decline raises questions about support around the $4,000 level, and whether value buying can prevent further losses. The US inflation data, showing a rise in September, supports the Fed's potential December rate hike, which increases the opportunity cost of holding non-yielding assets like gold. Oil prices surged on Friday, setting a fourth monthly gain and the highest since July due to heightened attacks by Iran-aligned Houthis on Saudi Arabia. Silver, platinum, and palladium also slipped, setting weekly and monthly declines.",
  "summary": "Spot gold fell 0.6% to $3,997.39/oz by 0255 GMT, and December gold futures slipped 0.6% to $4,007.80. Bullion heads for a second straight monthly decline",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "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 drops 1% as US PCE inflation strengthens case for December Fed rate hike",
        "url": "https://urgent.news/2026/10/29/gold-drops-1-as-us-pce-inflation-strengthens-case-for-december-fed",
        "published": "2026-10-29T11:12:25.000Z"
      },
      {
        "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"
      },
      {
        "outlet": "Business Recorder",
        "title": "Gold slips as higher oil, US inflation data bolster Fed hike bets",
        "url": "https://urgent.news/2026/10/30/gold-slips-as-higher-oil-us-inflation-data-bolster-fed-hike-bets-17183776",
        "published": "2026-10-30T05:42:53.000Z"
      }
    ]
  },
  "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."
}