{
  "id": 17758884,
  "title": "Gold rises on softer oil; Markets parse Fed signals",
  "url": "https://urgent.news/2026/11/02/gold-rises-on-softer-oil-markets-parse-fed-signals",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T06:55:22.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447024/gold-rises-on-softer-oil-markets-parse-fed-signals"
  },
  "original_language": "en",
  "account": "Gold prices experienced a rebound on Monday following a drop in the previous session, as lower oil prices helped alleviate inflation concerns. Investors were also analyzing comments from the Federal Reserve to gain insights into the trajectory of US interest rates. Spot gold increased by 0.7% to $3,900.90 per ounce by 0440 GMT, after hitting a one-year low the day before. December gold futures saw a 0.3% rise to $3,909.70.\n\nConversely, bullion plummeted by 3.5% to its lowest level since October 2025 on Friday, sinking below the $4,000 per ounce threshold due to a sell-off in technology stocks. This led to the forced disposal of safe-haven assets, including gold, and margin calls.\n\nKyle Rodda explained that the market was experiencing a bounce after the initial sell-off, and the decline in oil prices had provided some relief for precious metals. Oil prices declined by over 3% following reports of ongoing Iranian negotiations in Doha for a third consecutive day with Qatari mediators. The discussions aimed to reach a deal to end the US-Israeli war on Iran.\n\nElevated energy prices often increase the likelihood of the Federal Reserve maintaining higher interest rates for an extended period, which in turn raises the opportunity cost of holding non-yielding bullion. Meanwhile, three Fed officials argued for additional interest rate increases during a Friday press conference to tackle high inflation levels. This was the first round of commentary from central bankers following last week's monetary policy meeting where short-term borrowing costs remained unchanged.\n\nTraders now estimate a 73% probability of a rate hike in December, according to the CME's FedWatch Tool. Ole Hansen, head of commodity strategy at Saxo Bank, noted that gold faces a challenging near-term environment where technical selling and liquidity concerns outweigh its long-term investment potential. Spot silver rose by 1.8% to $49.97, platinum increased by 0.1% to $1,432.63, and palladium remained steady at $976.31.",
  "summary": "Gold prices bounced on Monday , after a selloff in the previous session, as weaker oil prices tempered inflation concerns, while investors assessed comments from the Federal Reserve for clues on the path of US interest rates. Spot gold rose 0.7% to $3,900.90 per ounce by 0440 GMT after hitting a one-year low in the previous session. US gold futures for December delivery gained 0.3% to $3,909.70.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "India Gold price today: Gold rises, according to FXStreet data",
        "url": "https://urgent.news/2026/11/02/india-gold-price-today-gold-rises-according-to-fxstreet-data",
        "published": "2026-11-02T04:35:24.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "Gold price prediction: What's the outlook for gold rates for this week?",
        "url": "https://urgent.news/2026/11/02/gold-price-prediction-whats-the-outlook-for-gold-rates-for-this-week",
        "published": "2026-11-02T06:30:29.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Gold rises on softer oil; markets parse Fed signals",
        "url": "https://urgent.news/2026/11/02/gold-rises-on-softer-oil-markets-parse-fed-signals-17765044",
        "published": "2026-11-02T07:40:39.000Z"
      }
    ]
  },
  "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."
}