Gold Pauses Decline after Two-month Low as Traders Weigh US Fed Move

Asharq Al-Awsat EnglishOctober 8, 2026By Asharq Al Awsat

Gold prices steadied on Thursday after sliding to a two-month low in the previous session, as investors assessed the likelihood of another US Federal Reserve interest rate hike before year-end. Spot gold was little changed at $4,116.67 per ounce by 0625 GMT. On Wednesday, bullion prices touched their lowest level since August 5 as a firmer dollar and higher US Treasury yields weighed on the market. US ⁠gold futures were ⁠flat at $4,140.70.

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