Gold slips below $4,000 on rising oil prices, firm US inflation data
Gold prices fell on Friday as rising oil prices stoked inflation worries and stronger-than-expected US inflation data bolstered expectations of another interest rate increase by the Federal Reserve before the year ends.
October 30, 2026 (MLN): Gold prices fell on Friday as rising oil prices stoked inflation worries and stronger-than-expected US inflation data bolstered expectations of another interest rate increase by the Federal Reserve before the year ends. Currently, spot gold is down 1.82% to $3,986.01 an ounce as of [12:13 pm] PST, according to data reported by Mettis Global. US inflation picked up pace in September on higher...