Gold Prices Surge as Dollar Weakens and Fed Rate Hike Odds Drop
InfoQuest
Key summary
Gold prices rallied significantly today, driven by a decline in the US dollar and falling US Treasury yields. The spot price of gold rose 1.64% to $4,154.11 per ounce, while December COMEX futures climbed 1.70% to $4,177.50. Investors anticipate the Federal Reserve will hold interest rates steady at its upcoming meeting, despite higher-than-expected inflation data. Market attention now focuses on comments from Fed Chair Kevin Warsh at an IMF event in Bangkok before the central bank enters a blackout period.
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Official source
InfoQuest
Read original ↗https://www.infoquest.co.th/2026/664597