‎Gold prices fall 1% to trade near $4,100

‎<p class="ckeCaption" dir="ltr" ><img src="https://argaamplus.s3.amazonaws.com/71fce42c-9c5e-4221-aef2-7928a4e1ec00.png" ><span >Gold prices fell more than 1% as rising oil prices fueled inflation concerns.</span></p> <hr> <p dir="ltr" >Gold prices fell more than 1% on Thursday as rising oil prices fueled inflation concerns and strengthened expectations that interest rates would remain elevated for longer.</p> <p ></p> <p >The US dollar index, which measures the greenback against a basket of six major currencies, fell 0.20% to 101.59.</p> <p ></p> <p >According to CME Group's FedWatch tool, the probability of an interest rate hike at the Oct. 27–28 meeting stands at just 16%, while traders see a 90% chance of a rate increase before the end of the year.</p> <p ></p> <p >Markets are also awaiting US jobless claims data later today, with claims expected to edge up by 1,000 to 200,000.</p> <p dir="ltr" ></p> <table align="center" border="1" cellpadding="0" cellspacing="0" dir="ltr" width="100%"> <tbody> <tr > <td colspan="4" > <p dir="ltr" ><span ><span ><strong><span >Changes in precious metals prices</span></strong></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span >Metal</span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><strong><span >Price ($/ounce)</span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><strong><span >Change ($)</span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><strong><span >Change (%)</span></strong></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span ><span >Gold(December Futures</span></span><span ><span >)</span></span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span dir="LTR"><span >4,103.10</span></span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(</span><span dir="LTR"><span >46.90</span></span><span >)</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(1.15%)</span></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span ><span >Gold(spot)</span></span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span >4,086.25</span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(</span><span dir="LTR"><span >54.49</span></span><span >)</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(1.30%)</span></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span ><span >Silver</span></span></strong></span></span><strong ><span >(December Futures</span><span >)</span></strong></p> </td> <td > <p align="center" dir="ltr" ><span ><span >56.28</span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(</span><span dir="LTR"><span >1.44</span></span><span >)</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(2.50%)</span></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span ><span >Silver(spot)</span></span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span dir="LTR">56.1721</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(</span><span dir="LTR"><span >1.80</span></span><span >)</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(3.10%)</span></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span ><span >Platinum(spot)</span></span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span dir="LTR">1596.40</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(</span><span dir="LTR"><span >35.67</span></span><span >)</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(2.20%)</span></span></span></p> </td> </tr> <tr > <td > <p dir="ltr" ><span ><span ><strong><span ><span >Palladium(spot)</span></span></strong></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span dir="LTR">1061.63</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(</span><span dir="LTR"><span >31.77</span></span><span >)</span></span></span></p> </td> <td > <p align="center" dir="ltr" ><span ><span ><span >(2.90%)</span></span></span></p> </td> </tr> </tbody> </table> <div > <p class="ckeCaption"><em>* At 08:14 a.m. Makkah time.</em></p> </div>

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Argaam - UAE News · Trade Publication

Published

22nd October 2026

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argaam.com

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