Gold prices fell for the fourth consecutive session amid rising inflation concerns. - Vietnam.vn

AI desk brief

Gold fell for a fourth straight session as rebounding oil prices stoked inflation concerns and kept the market focused on a still-restrictive Fed path. Spot gold was down 0.2% at $4,115.96/oz and December 2026 futures fell 0.2% to $4,133.60/oz, while CME FedWatch implied only a 15% chance of a hike at the Oct. 27-28 meeting but a 90% chance of a December hike.

The near-term setup remains pressured by higher real-rate expectations and a stabilizing USD, with traders also awaiting next week’s US PCE inflation data for confirmation. Other precious metals were weaker too: silver fell 1.4% to $57.18/oz, platinum dropped 1.3% to $1,627.35/oz and palladium lost 1.6% to $1,084.95/oz.