Gold steady as dollar eases from 18-month high
Gold prices were steady on Thursday as the US dollar retreated from an 18-month peak, allowing bullion to bounce back from a two-month low, while investors assessed the likelihood of another US Federal Reserve rate hike this year.
October 08, 2026 (MLN): Gold prices were steady on Thursday as the US dollar retreated from an 18-month peak, allowing bullion to bounce back from a two-month low, while investors assessed the likelihood of another US Federal Reserve rate hike this year. Currently, spot gold is down 0.88% to $4,131.74 an ounce as of [09:58 am] PST, according to data reported by Mettis Global. The dollar's pullback made gold, w...