{
  "id": 17314306,
  "title": "Gold Hits a 12-Month Low as Fed Hike Bets Build",
  "url": "https://urgent.news/2026/10/30/gold-hits-a-12-month-low-as-fed-hike-bets-build",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-30T23:56:35.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/gold-silver-precious-metals-friday-october-30-2026/"
  },
  "original_language": "en",
  "account": "Gold prices hit a 12-month low on Friday at US$3,928 an ounce, marking its lowest settlement in at least a year. This decline of 2.00% came after a string of three losing sessions, with the metal currently 28.8% below its record high of US$5,513 set on January 28. The primary reason for this drop was a cash squeeze, triggered by a stock market tumble led by chipmaker Intel, which plummeted nearly 30%. This market sell-off dragged the S&P 500 down 1.82%, leaving investors who had borrowed to invest scrambling to sell whatever assets were easiest to liquidate.\n\nThe Federal Reserve, with interest rates set between 3.75% and 4.00%, has not ruled out a rate hike in December. This possibility, coupled with a prediction market showing a 70% chance of another rate increase this year, makes gold less appealing due to its lack of interest earnings. Silver's price also fell, closing at US$51.94 on Thursday, down 3.66% for the day and 54.7% below its January 28 high. While no silver price was recorded on Friday, the trend shows silver losing 15.06% over the past 20 sessions, compared to gold's 5.07% decline in the same period.",
  "summary": "Gold closed Friday at its lowest in 12 months as stock-market losses and December Fed rate-hike bets forced investors to sell bullion. The post Gold Hits a 12-Month Low as Fed Hike Bets Build appeared first on The Rio Times .",
  "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."
}