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Tuesday, 20 October 2026

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Gold Holds Near US$4,300 as Oil Rebound and Strong US Data Revive Rate-Hike Bets

Gold remained near US$4,300 after a sharp decline as higher oil prices and strong US economic data strengthened expectations of further Federal Reserve tightening.

By Chee Liang CFA4 min read

Singapore, 24 September 2026 – Gold remained under pressure on Thursday after a sharp decline in the previous session, as rising oil prices and stronger-than-expected US economic data reinforced expectations that the Federal Reserve may need to raise interest rates again.

Bullion traded around US$4,290 an ounce after falling about 1.7% a day earlier, with investors reassessing the outlook for inflation and monetary policy.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.