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Home > Photo Gallery > Recovery in gold: Bounced back from a two-month low

Recovery in gold: Bounced back from a two-month low

Gold rose again as the dollar retreated from its peak. Markets are monitoring the Fed's interest rate moves and the movement in precious metals.

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Published: 08.10.2026 07:24 Updated: 08.10.2026 07:24 News Source : 12punto
Recovery in gold: Bounced back from a two-month low 1 / 4

Spot gold rose 0.5 percent to 4,132.66 dollars per ounce. December US gold futures also rose 0.4 percent to reach 4,157.60 dollars.

Recovery in gold: Bounced back from a two-month low 2 / 4

The dollar's retreat from an 18-month high made gold, which is priced in dollars, more attractive for investors using other currencies.

Recovery in gold: Bounced back from a two-month low 3 / 4

According to CME FedWatch data, markets are pricing in an 18 percent probability of an interest rate hike this month and an 80 percent probability of an interest rate hike in December.

Recovery in gold: Bounced back from a two-month low 4 / 4

Spot silver rose 0.4 percent to 60.36 dollars, platinum rose 1.8 percent to 1,660.05 dollars, and palladium rose 1.6 percent to 1,142 dollars.


News Source : 12punto

Tags

gold gold per ounce dollar Fed interest rate Precious metals IMF Global economy