Gold Price Today: $4,010 on Monday of Fed Week – 28…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold rebounded 0.4 percent to $4,009.87 an ounce on Monday as easing oil prices offered relief following a 4 percent weekly drop. Markets are focused on the upcoming Federal Reserve interest rate decision and September PCE inflation data.
Key facts
- Spot gold rose 0.4 percent to $4,009.87 an ounce on 26 October, while December futures rose 0.4 percent to $4,023.50.
- Gold declined 4 percent in the week ending 23 October, marking its steepest weekly drop since June.
- CME FedWatch placed the probability of a Federal Reserve interest rate hike in December at roughly 75 percent, with traders expecting a hold at the October meeting.
Source excerpt · FinanceFeeds
Updated 26 October 2026. Spot gold rose 0.4 percent to $4,009.87 an ounce by 03:42 GMT on Monday, back above $4,000 after Friday's first close below that line since mid-July; December futures gained 0.4 percent to $4,023.50 (Reuters, via Business Recorder). Kitco quoted $4,005.20 at 2:18 am ET. Verdict: Monday's bounce is an oil trade, not a haven trade. Brent slipped about 2 percent from Friday's…