Gold falls as oil gains and US inflation boosts Fed hike expectations
Gold prices fell as rising oil prices and strong US inflation data strengthened expectations of another Federal Reserve rate hike later this year.
Related stories
Asian session market picture: S&P 500 -0.93%, Nasdaq 100 -2%; USD/JPY -0.07%, WTI +1.35%, 1810 leads volume
Asian session market picture. US index futures: S and P futures is down 0.93 percent, Nasdaq futures is down 2 percent, Dow futures is down 0.12 percent and Russell futures is down
M impact | EQUITY | Oct 30, 2026, 06:30 AM UTC
Houthi attacks drive oil prices higher
Oil prices are rising amid Houthi attacks.
M impact | ENERGY | Oct 30, 2026, 06:25 AM UTC
Gold falls as oil gains and US inflation lifts Fed hike expectations
Gold prices fell as rising oil prices and strong US inflation data strengthened expectations of another Fed rate hike later this year.
M impact | COMMODITIES | Oct 30, 2026, 05:49 AM UTC
Japan September total oil product sales down 10.4% year on year: meti
L impact | COMMODITIES | Oct 30, 2026, 04:30 AM UTC
Japan September crude oil imports decline 17.7% year-on-year: Meti
L impact | COMMODITIES | Oct 30, 2026, 04:30 AM UTC
Gold Falls 0.6% as Oil and US Inflation Bolster Fed Hike Bets
Spot gold was down 0.6% at $3,997.39 per ounce by 0255 GMT on Friday. Higher oil prices and robust US inflation data strengthened the case for another Fed rate hike later this year
M impact | COMMODITIES | Oct 30, 2026, 03:22 AM UTC