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Gold price up 1percent as dollar and Fed influence
Global gold prices rose by about 1% today, Thursday, October 15, 2026, after declining in the previous session to their lowest level in a week, amid a weakening U.S. dollar and expectations of further Federal Reserve decisions regarding interest rates. The spot price of gold reached $4,146.74 per ounce, while December futures increased to $4,167.30, supported by the dollar's decline, which boosts demand for the precious metal. Gold prices are directly influenced by fluctuations in the dollar and interest rate expectations, as investors await U.S. inflation data and possible Fed decisions, with ongoing inflationary pressures and signals of a potential rate hike in the coming period.
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