Gold Prices Rally Over 1% as Dollar Weakens Following Recent Lows

Gold prices climb more than 1% as the U.S. dollar softens. Investors weigh Federal Reserve policy shifts and geopolitical tensions in the latest market update.

Editorial Desk

October 15, 2026 One Min Read

POLICY WIRE — New York, USA — Gold prices surged by more than 1% on Thursday, successfully recovering from a one-week low recorded during the previous trading session.

The precious metal’s upward momentum was primarily driven by a softening U.S. dollar and a decline in oil prices, which helped alleviate broader inflationary concerns. Spot gold reached $4,158.63 per ounce as of 0257 GMT, marking a significant turnaround after the asset hit its lowest point since October 7.

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Market participants are currently evaluating the probability of a Federal Reserve interest rate hike this month, a sentiment fueled by a recent hot inflation report. Despite strong non-farm payroll data from the previous week, traders continue to price in 60 basis points of easing by the central bank.

The market remains sensitive to shifting geopolitical dynamics, including rising tensions in the Middle East. These fluctuations follow recent comments from U.S. President Donald Trump regarding potential new agreements with Iran, which have contributed to sharp volatility in the commodities sector.

Reporting by Policy-Wire (PW)

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Editorial Desk

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