‎Gold edges lower, remains above $4,200

‎<p><img src="https://argaamplus.s3.amazonaws.com/e82c706e-69f7-4f97-9d6f-66456c2849f1.png" ></p> <p class="ckeCaption" ><!--StartFragment-->Gold prices edged lower as investors awaited US inflation data this week for clues on the Federal Reserve’s future monetary policy.<!--EndFragment--></p> <hr> <p >Gold prices edged lower on Monday as investors awaited US inflation data this week for clues on the Federal Reserve’s future monetary policy.</p> <p ></p> <p >The dollar index, which measures the US currency against a basket of six major currencies, was little changed at 102.21.</p> <p ></p> <p >With oil prices declining following news of an energy truce between Russia and Ukraine, market concerns over inflation and interest rates are easing, supporting gold from a yield perspective, Reuters reported, citing Tim Waterer, chief market analyst at KCM Trade.</p> <p ></p> <p >Traders see just a 17% chance of an interest rate hike later this month, compared with an 86% probability of a hike in December, according to the CME Group’s FedWatch tool.</p> <p ></p> <p >Markets are awaiting the US Consumer Price Index report on Wednesday, followed a day later by the Producer Price Index and retail sales data.</p> <p ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="4" > <p ><strong><span >Precious metals prices</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Metal</span></strong></p> </td> <td > <p align="center" ><strong><span >Price ($/oz)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change ($)</span></strong></p> </td> <td > <p align="center" ><strong><span >Change (%)</span></strong></p> </td> </tr> <tr > <td > <p ><strong><span >Gold (December futures)</span></strong></p> </td> <td > <p align="center" ><span >4,212.40</span></p> </td> <td > <p align="center" ><span >-3.90</span></p> </td> <td > <p align="center" ><span >-0.10%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Gold (spot)</span></strong></p> </td> <td > <p align="center" ><span >4,185.72</span></p> </td> <td > <p align="center" ><span >-8.52</span></p> </td> <td > <p align="center" ><span >-0.20%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Silver (December futures)</span></strong></p> </td> <td > <p align="center" ><span >61.110</span></p> </td> <td > <p align="center" ><span >+0.062</span></p> </td> <td > <p align="center" ><span >+0.10%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Silver (spot)</span></strong></p> </td> <td > <p align="center" ><span >60.8163</span></p> </td> <td > <p align="center" ><span >-0.01</span></p> </td> <td > <p align="center" ><span >—</span></p> </td> </tr> <tr > <td > <p ><strong><span >Platinum (spot)</span></strong></p> </td> <td > <p align="center" ><span >1,694.25</span></p> </td> <td > <p align="center" ><span >+1.75</span></p> </td> <td > <p align="center" ><span >+0.10%</span></p> </td> </tr> <tr > <td > <p ><strong><span >Palladium (spot)</span></strong></p> </td> <td > <p align="center" ><span >1,155.30</span></p> </td> <td > <p align="center" ><span >+0.44</span></p> </td> <td > <p align="center" ><span >—</span></p> </td> </tr> </tbody> </table> <div class="ckeCaption" >*Prices as of 8:23 a.m. Makkah time.</div>

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Argaam - UAE News · Trade Publication

Published

12th October 2026

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argaam.com

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