Spot gold slides to lowest level since mid-October as oil prices rise
Spot gold fell 1.1% to reach $4,094.90 per ounce on Thursday. This price represents the lowest valuation for the metal since 14 October.
US gold futures for December delivery declined 0.9% to $4,111.40. Oil prices climbed on Thursday amid reports that Houthis launched additional attacks in Saudi Arabia.
The United States ordered several diplomats and their family members to evacuate missions within the Kingdom. CME’s FedWatch Tool indicates that traders see just a 16% chance of a rate hike at the policy meeting on 27-28 October.
The same tool shows a 90% likelihood of an increase in December. Silver prices dropped 2.6% to $56.44 per ounce.
Platinum slid 2.1% to $1,594.25, while palladium fell 2.6% to $1,059.05. The International Monetary Fund projects a 1.3% contraction in Pakistan, the Middle East, and North Africa in 2026.








































