Gold rises 0.3% as oil prices fall
Gold prices climbed on Thursday, supported by lower oil prices, as investors weighed the prospect of a US interest rate hike.
Key Takeaways
AISingapore, October 19, 2026 – Gold prices rose on Thursday, supported by a decline in oil prices, as investors assessed the likelihood of the US Federal Reserve raising interest rates later this year.
Spot gold gained 0.3% to $4,175.60 per ounce, while US gold futures for December delivery rose 0.4% to $4,196.40.
Among other precious metals, spot silver increased 0.9% to $57.54 per ounce, platinum rose 0.7% to $1,642.29, and palladium climbed 1.5% to $1,129.13.