ع
Gold prices showed little movement early on October 14, 2026, with spot gold steady at $4,159.45 per ounce and US gold futures for December delivery edging 0.1 percent higher to $4,182.60, according to the Emirates News Agency. The stability comes as market participants focus on incoming US economic data that may influence expectations for additional interest rate increases by the Federal Reserve this year. Ilya Spivak, head of global macro at Tastylive, said in remarks carried by the agency, “What we’re looking at here is not a big move, it’s within a range. But the fact that we are able to hold a range while oil is rallying suggests that gold is trying to find a reason to rally.”
The US Consumer Price Index report for September is scheduled for release at 1230 GMT on October 14, followed by producer price index and retail sales figures on Thursday, the Emirates News Agency reported. CME Group data places the probability of a Federal Reserve rate hike at the late October policy meeting at roughly 23 percent while assigning an 88 percent chance to an increase in December. New York Fed President John Williams reaffirmed that the central bank may need to raise interest rates once more this year to combat inflation but does not anticipate further tightening in 2027, according to the report.
An attack on an administrative building of Saudi Aramco in Dhahran, claimed by Yemen’s Houthis, drove oil prices higher on October 14, the Emirates News Agency stated. Spivak noted that weaker-than-expected readings across the upcoming inflation, producer price and retail sales data could lead markets to dial back bets on further rate hikes, offering support to gold. Fed Governor Christopher Waller separately indicated that recent increases in US bond yields stem from stronger economic growth rather than rising inflation expectations, which he described as well anchored.
World Gold Council figures show central banks purchased 289 tonnes of gold in the second quarter of 2026, marking a 62 percent rise from the same period a year earlier and underscoring continued official sector demand for the metal. Gold has traded largely within a $4,100 to $4,200 range over recent weeks amid mixed signals on the pace of US monetary tightening, according to analysis from Trading Economics. The previous month’s CPI data showed headline inflation at 3.4 percent year-on-year, with economists projecting an increase to 3.7 percent in the September reading.
The metal’s performance remains sensitive to real yields, as higher interest rates reduce the appeal of non-yielding assets such as gold, a Reuters assessment found. Markets will also monitor remarks from Federal Reserve officials at the ongoing IMF-World Bank meetings for additional policy cues. Data from the Bureau of Labor Statistics will form the core of this week’s economic calendar and could shift rate expectations in either direction.
