# Gold steadies after hitting one-week low — retained record

> Retained news record from news:india-et-markets.

Canonical: https://highsignal.app/data/records/28026c28cc6e645c

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-10-15 02:00 ingested 2026-10-15 03:00

[original source ↗](https://economictimes.indiatimes.com/markets/commodities/news/gold-steadies-after-hitting-one-week-low/articleshow/134955322.cms)

## retained text



```
Fundamentals
Spot gold was little changed at $4,114.57 per ounce, as of 0007 GMT, after hitting its lowest level since October 7 on Wednesday. US gold futures for December delivery rose 0.7% to $4,136.10.
US consumer prices accelerated in September as the cost of gasoline surged, putting an interest rate increase later this month back on the radar.
The probability of a US rate hike this month stood at roughly 32%, compared with 22% before the data, according to CME's FedWatch Tool.
San Francisco Fed President Mary Daly said the US central bank will probably need to increase short-term interest rates further, though she signalled no need for a hike at the October 27-28 meeting.
Although gold is viewed as an inflation hedge, higher interest rates reduce its appeal because it does not pay interest.
Focus turns to the Producer Price Index (PPI) and retail sales data due later in the day.
Among other metals, spot silver was up 0.2% at $55.72 per ounce, platinum fell 0.5% to $1,598.96 and palladium rose 0.6% to $1,100.25.
Data/Events (Gmt)
0600 UK GDP Est 3M/3M Aug
0600 UK GDP Estimate MM, YY Aug
0600 UK Services MM, YY Aug
0600 UK Manufacturing Output MM Aug
0645 France CPI (EU Norm) Final MM, YY Sep
0645 France CPI YY, MM NSA Sep
1000 EU Reserve Assets Total Sep
1230 US Initial Jobless Clm 10 Oct, w/e
1230 US Philly Fed Business Indx Oct 1230 US Retail Sales MM Sep
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
```



document fetched 2026-10-15 03:00