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Gold steady near $4,172 as Fed signals low chance of October rate hike amid inflation concerns

Market News
16 Oct 2026
Kitco
View Source
Neutral
Gold steady near $4,172 as Fed signals low chance of October rate hike amid inflation concerns

Gold prices held steady near $4,172 an ounce while silver rose modestly, supported by a softer dollar and lower Treasury yields. Federal Reserve Chair Kevin Warsh's comments at the IMF meetings lowered expectations for an October rate hike, though inflation remains persistent with September CPI rising 0.6% monthly and 3.7% annually. Market focus now shifts to upcoming economic data and the Fed's October meeting, with geopolitical tensions in the Middle East adding safe-haven demand. The mixed signals keep gold supported but cautious amid inflation and interest rate uncertainty.

Gold prices held steady near $4,172 an ounce amid persistent inflation concerns. For readers following US stocks on Pluang, here is the market snapshot as of Oct 16, 2026 18:11 WIB: out of 150 priced stocks, 107 rose and 39 fell. Notable movers include TSLA at USD 373.87 (+3.15%), NFLX at USD 70.64 (-2.71%), and MU at USD 911.00 (-2.17%).

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