Gold Steady as Fed Rate Hike Bets Cool

Gold prices began the month on a stable note, influenced by recent softer inflation data. This economic indicator has reduced expectations for an imminent interest rate hike by the Federal Reserve. The precious metal hovered around $4,155 an ounce on October 1, 2026, after experiencing a minor decline in the preceding session.

Despite the current steadiness, the market remains sensitive to other economic factors. Elevated bond yields present a potential challenge, leaving gold vulnerable to renewed selling pressure. The Federal Reserve's preferred inflation gauge will be closely watched for further clues on monetary policy direction.