Gold edges higher as oil eases, with markets awaiting Fed signals
🟡 Spot gold rose around 0.4% to $4,010/oz during the Asian session on October 26, following a weekly decline of roughly 4%. The rebound lifted prices above $4,000 but remains insufficient to confirm a trend reversal.
🛢️ Lower oil prices helped ease inflation concerns, offering gold some relief from expectations of tighter monetary policy. A renewed rise in oil could revive inflation risks and weigh on gold through the interest-rate outlook.
🏦 Attention turns to the Fed decision at 01:00 WIB on October 29, followed by September PCE inflation and Q3 GDP at 19:30 WIB that day. Guidance on December interest rates will be closely watched.
📊 The $4,000 level remains a near-term reference point. Whether gold sustains its rebound will depend on oil prices and whether US data reinforce or soften expectations of another rate hike.
#Gold $XAUT
🟡 Spot gold rose around 0.4% to $4,010/oz during the Asian session on October 26, following a weekly decline of roughly 4%. The rebound lifted prices above $4,000 but remains insufficient to confirm a trend reversal.
🛢️ Lower oil prices helped ease inflation concerns, offering gold some relief from expectations of tighter monetary policy. A renewed rise in oil could revive inflation risks and weigh on gold through the interest-rate outlook.
🏦 Attention turns to the Fed decision at 01:00 WIB on October 29, followed by September PCE inflation and Q3 GDP at 19:30 WIB that day. Guidance on December interest rates will be closely watched.
📊 The $4,000 level remains a near-term reference point. Whether gold sustains its rebound will depend on oil prices and whether US data reinforce or soften expectations of another rate hike.
#Gold $XAUT
