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Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets

Bloomberg Markets Wednesday 14 October 2026, 00:08 UTC By Kanupriya Kapoor 1 min read
Key Points

Commodities Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets Gold held a two-day decline after a Federal Reserve official signaled one more interest-rate hike may be needed this year, but further tightening won’t be necessary in 2027, improving sentiment toward the precious metal. Bullion traded near $4,155 an ounce, after falling 0.8% in the previous two sessions. Oil rose as a flare-up in attacks in the Middle East threatened further energy disruptions that could weigh on...

Commodities Gold Steady as Fed Official’s Remarks Temper Rate-Hike Bets Gold held a two-day decline after a Federal Reserve official signaled one more interest-rate hike may be needed this year, but further tightening won’t be necessary in 2027, improving sentiment toward the precious metal. Bullion traded near $4,155 an ounce, after falling 0.8% in the previous two sessions. Oil rose as a flare-up in attacks in the Middle East threatened further energy disruptions that could weigh on inflation and make a case for higher borrowing costs. Brent crude was above $106 a barrel.
Fed (ORG) Federal Reserve (ORG) the Middle East (LOCATION) Brent (PERSON)
Originally published by Bloomberg Markets Read original →

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