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Gold Steadies Near $4,000 as Inflation Keeps Rate-Hike Bets Firm

Bloomberg Markets Thursday 29 October 2026, 23:32 UTC By Yihui Xie 1 min read
Key Points

Gold Steadies Near $4,000 as Inflation Keeps Rate-Hike Bets Firm Gold steadied near $4,000 an ounce, and was on track for a second monthly loss, as energy-led inflation raised the prospects for a US rate increase before year-end. Bullion was little changed after shedding 1.1% in the previous session. The Federal Reserve left the door open for an interest-rate hike before the end of the year to rein in stubborn inflation, and data released Thursday showed a 0.5% rise in the US personal...

Gold Steadies Near $4,000 as Inflation Keeps Rate-Hike Bets Firm Gold steadied near $4,000 an ounce, and was on track for a second monthly loss, as energy-led inflation raised the prospects for a US rate increase before year-end. Bullion was little changed after shedding 1.1% in the previous session. The Federal Reserve left the door open for an interest-rate hike before the end of the year to rein in stubborn inflation, and data released Thursday showed a 0.5% rise in the US personal consumption expenditures price index last month. That’s the most since March.
Gold Steadies Near (ORG) US (LOCATION) The Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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