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Gold prices recover late week amid easing rate hike fears and geopolitical tensions.

Market News
16 Oct 2026
Kitco
View Source
Neutral
Gold prices recover late week amid easing rate hike fears and geopolitical tensions.

Gold prices initially fell due to hotter-than-expected U.S. inflation data and rising Treasury yields but rebounded later in the week as bond yields dropped and expectations for an October Federal Reserve rate hike diminished. The U.S.-Iran conflict and inflation concerns from energy prices kept gold volatile, with prices hovering around $4,200 per ounce. Analysts remain divided on gold's near-term direction, citing geopolitical risks, inflation uncertainty, and Fed policy as key factors. The coming week offers limited economic data, with investors closely watching housing and labor reports for further clues on gold's trajectory.

Gold price movements are the focus, with Pluang market data as of Oct 17, 2026 02:41 WIB. Out of 150 priced US stocks tradable on Pluang, 45 rose and 104 fell today. Notable movers include LCID at USD 3.15 with a 1-day change of -10.14% and 100% buy order activity, OPEN at USD 2.10 down 9.48% with 67% buy orders, and MRNA at USD 214.17 down 9.44% with nearly balanced sell/buy activity. The most notable figure is LCID's full buy order activity despite its price drop.

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