Gold Price Today: Bull and Bear Case Near $4,176 as October…
By Tobi Opeyemi Amure
AI summary of the source article
Spot gold traded near $4,176 an ounce on October 19, rising about 0.3 percent. The move came as expectations for an October Federal Reserve interest rate hike fell to roughly 15 percent, while December hike odds exceeded 90 percent.
Key facts
- Spot gold traded near $4,176 an ounce on Monday, October 19, up about 0.3 percent.
- Deutsche Bank strategists reported October Fed rate hike pricing dropped to roughly 15 percent, while CME FedWatch showed December hike odds above 90 percent.
- Brent crude dropped to around $108 after President Trump waived new Russia sanctions and announced a diesel deal with Moscow.
Source excerpt · FinanceFeeds
Updated 19 October 2026. Spot gold traded near $4,176 an ounce in Asian trading on Monday 19 October, up about 0.3 percent from Friday's close near $4,166 (ABC News, Goodreturns, FXStreet). Bets on an October Fed hike have faded, the dollar slipped to a two-week low and Brent crude eased about 2 percent from $110. Verdict: the pressure from oil and yields has eased for now, but a December hike is…