NewsSignals AI analysis·Reuters·Oct 29, 2026

Gold slides 1% as Fed hike bets linger ahead of US inflation data

Grade Bbearish AI signal$XAU$XAG$XPT$XPD

Gold fell about 1% as persistent inflation strengthened bets on a potential December Federal Reserve rate hike, with investors awaiting key US inflation data. Spot gold dropped 1.1% to $4,022.19 per ounce, while traders priced in roughly an 80% chance of a December rate hike and bullion headed for a second consecutive monthly decline. Hotter-than-expected PCE inflation could reinforce rate-hike expectations and push gold below $4,000, increasing downside pressure on the precious metal.

Bullish strength: 20/100

Potential geopolitical tensions could increase demand for gold as a safe-haven asset.

Bearish strength: 80/100

Spot gold fell 1.1% to $4,022.19 per ounce.
Traders are pricing in about an 80% chance of a December Fed rate hike.
Higher interest rates increase the opportunity cost of holding non-yielding gold.
Bullion is on track for its second consecutive monthly decline.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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