Gold price rebounds slightly from a two-month low as the market awaits clarity on the Federal Reserve’s path.

智通财经2026/10/08 01:36

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1. On Thursday, gold prices edged higher after touching a two-month low in the previous session, as investors await further clarity on the Federal Reserve's interest rate trajectory. Spot gold rose as much as 0.6% to $4,135.03 per ounce and is currently trading near $4,123.59 per ounce. 2. On Wednesday, a stronger US dollar and rising US Treasury yields put pressure on gold prices, which hit their lowest level since August 5. Minutes from last month’s Federal Reserve meeting showed policymakers were divided over the case for further rate hikes: some officials saw a need to raise rates to curb energy and other price shocks, while the more hawkish core members believed it was necessary to guard against emerging demand-driven inflation. 3. According to the CME FedWatch tool, traders see only an 18% chance of a rate hike later this month, but still anticipate an 80% probability of a rate increase in December. Rising interest rates reduce the appeal of non-yielding gold. 4. International Monetary Fund Managing Director Kristalina Georgieva warned that the global economy faces risks from persistently high energy prices, record-breaking public debt, and a boom in artificial intelligence investment, urging governments to adopt protective fiscal and monetary policy measures. 5. On the geopolitical front, Saudi Arabia's Civil Aviation Authority said Wednesday that an attack on a Saudi airport killed three people, while Iranian-backed Houthi forces in Yemen have intensified fighting with Saudi-backed government troops. In addition, the CEO of Perseus Mining stated that while merger and acquisition activity is active in the gold sector, price volatility has made it difficult for companies to agree on valuations, and deals are expected to remain challenging.

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