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Gold Rises as Federal Reserve Chair Kevin Warsh Signals Rates May Hold
M
Moneycontrol•19-10-2026, 08:00
Gold Rises as Federal Reserve Chair Kevin Warsh Signals Rates May Hold
- •Gold prices edged higher to trade around $4,180 an ounce after traders reduced expectations of a Federal Reserve interest rate hike this month.
- •Fed Chair Kevin Warsh's recent remarks were interpreted as supporting the decision to keep interest rates on hold during the upcoming meeting.
- •Hot US inflation data previously spurred hike expectations and boosted the dollar, but Warsh's comments successfully halted those currency gains.
- •Gold has maintained its position above the key $4,000 support threshold since August, bolstered by safe-haven demand.
- •Spot silver rose 0.6% to $57.33 an ounce, while platinum and palladium also saw advances.
Key Questions Answered
Gold opened the week higher, trading around $4,180 an ounce as traders pared back their bets on a Federal Reserve rate hike this month following remarks by Chair Kevin Warsh.
Traders unwound their bets on the probability of a quarter-point rate hike to less than one-in-five after interpreting remarks by Fed Chair Kevin Warsh as supporting a rate hold at the upcoming meeting.
Gold has held above a key $4,000-an-ounce support threshold since August, supported by its safe-haven status, though it remains down around a fifth since the US-Iran conflict erupted in late February.
