{
  "id": 18903538,
  "title": "Gold Records Biggest Weekly Rally Since August, Crude Oil Crashes Over 12% As Fed Rate Fears Cap Gains",
  "url": "https://urgent.news/2026/11/08/gold-records-biggest-weekly-rally-since-august-crude-oil-crashes-over",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-08T08:54:28.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/gold-records-biggest-weekly-rally-since-august-crude-oil-crashes-over-12-as-fed-rate-fears-cap-gains"
  },
  "original_language": "en",
  "account": null,
  "summary": "Gold prices experienced their strongest weekly rally since August, rising nearly 4.5 percent, as concerns over the artificial intelligence sector prompted investors to shift from equities to commodities. However, gold's gains were short-lived, as it retreated by 1.20 percent on Friday following stronger-than-expected US employment data, which pushed the dollar and Treasury yields higher. Meanwhile, global crude oil prices plummeted more than 12 percent, with both WTI and Brent crude futures losing over 12 percent, driven by expectations of policy changes following the US midterm elections and heightened uncertainty surrounding the Federal Reserve's monetary policy outlook.",
  "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."
}