{
  "id": 17199304,
  "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-17199304",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T08:08:12.000Z",
  "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/article71644215.ece"
  },
  "original_language": "en",
  "account": "Gold prices declined on Friday as oil prices surged and U.S. inflation data exceeded expectations, increasing the likelihood of a Federal Reserve interest rate hike. Spot gold fell 0.9% to $3,982.85 per ounce, while US gold futures for December delivery dropped 1% to $3,992.50. The decline posed questions about gold's support around the $4,000 level, with dip buying failing to prevent further losses. Analysts noted that recent US macro data was supportive of a potential December hike, exacerbating gold's weakness in an inflationary environment. US inflation rose in September due to higher gasoline and other goods prices, reinforcing expectations of a December rate increase. Oil prices rose on Friday, nearing a fourth consecutive monthly gain, following an attack on a tanker in the Strait of Hormuz due to the US-Israeli war on Iran. Core inflation in Japan's capital surpassed the central bank's 2% target in October, indicating rising price pressures. Silver, platinum, and palladium all declined, with silver sliding 3.1% to $50.74, platinum dropping 3.3% to $1,439.05, and palladium falling 2.3% to $982.50.",
  "summary": "Spot gold was down 0.9% at $3,982.85 per ounce by 0740 GMT, while US gold futures for December delivery dropped 1% to $3,992.50",
  "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."
}