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Gold Prices Stabilize Following Federal Reserve Remarks on Potential Rate Hikes
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CNBC TV18•14-10-2026, 06:57
Gold Prices Stabilize Following Federal Reserve Remarks on Potential Rate Hikes
- •Gold prices steadied after a two-day decline as markets factored in potential future rate hikes following remarks from a Federal Reserve official.
- •COMEX gold stood at $4,179 per ounce, while silver was recorded at $59.30 per ounce.
- •Federal Reserve Bank of New York President John Williams indicated that one additional rate increase may be appropriate this year.
- •US Treasury yields declined marginally, providing support to gold amidst expectations of lower interest rate environments.
- •Upcoming US consumer price index data is expected to offer further insights into the Federal Reserve's future rate trajectory.
Key Questions Answered
The price of gold on COMEX stood at $4,179 per ounce compared to its previous close of $4,184, while silver stood at $59.30 per ounce compared to the previous close of $59.41.
A Federal Reserve official indicated that one additional interest-rate increase may be warranted during the current year, with derivatives market participants estimating about a 90% probability of an increase in December.
Renewed escalation in Middle Eastern hostilities has posed risks of additional energy supply disruptions, pushing Brent crude above $106 per barrel and exerting upward pressure on inflation.
