Business
Gold gains over 1% as dollar eases and oil prices decline
October 9, 2026 at 08:34 AM
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3 reports · over 2 hours
Gold has risen more than 1% on Friday, supported by a weaker US dollar and lower oil prices, ahead of the Federal Reserve's rate decision.
- Gold in spot transactions rose 1.4% to $4,190.57 per ounce by 06:30 GMT, and December futures climbed 1.4% to $4,215.30.
- Oil prices fell after President Donald Trump announced Washington will not strike Iran before the November congressional midterm elections.
- St. Louis Fed chief Alberto Musalem affirmed the need for further rate increases to return inflation to the 2% target, without committing on the October meeting.
- Markets, according to CME FedWatch data, price a 17% probability of an October rate hike and 83% for December.


