Business
Gold rebounds as falling oil eases inflation worries, Fed interest-rate path in focus
November 2, 2026 at 07:57 AM
Gold prices rose Monday as falling oil prices eased inflation concerns, while investors weighed Federal Reserve signals on the path of US interest rates.
- Spot gold rose 0.86% to $3,909.8 an ounce on Monday after falling 3.5% on Friday to its lowest since October 2025.
- US gold futures for December delivery rose 0.48% to $3,918.2 an ounce.
- Oil prices fell more than 3% after Reuters reported Iranian negotiators held a third day of talks in Doha with Qatari mediators.
- Three Federal Reserve officials on Friday called for further rate hikes, and markets price a 73% probability of a December increase, per CME FedWatch data.