10:09 - 15.10.2026

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October 15, Fineko/abc.az. Gold prices surged over 1% on Thursday, recovering from a one-week low hit in the previous session as the US dollar retreated from an 18-month peak. Spot gold rose 1.3% to $4,158.63 per ounce, while December gold futures gained 1.8% to reach $4,180.

Market participants weighed the likelihood of a Fed rate hike this month following stronger-than-expected US CPI data, which pushed rate hike expectations from 22% to 27%. Among other precious metals, spot silver climbed 1.1% to $56.26, platinum added 0.3% to $1,611.15, and palladium gained 1.3% to $1,107.83.