Gold is going parabolic

Gold prices were little changed near $4,180 an ounce on Tuesday as oil ended a three-session rally, the US dollar weakened, and expectations of a Federal Reserve rate hike this month stayed subdued. Traders were pricing in less than a 20% probability of a Fed rate hike this month and above 85% for a December increase, according to CME's FedWatch tool. Cleveland Fed President Beth Hammack said the central bank should move "relatively quickly" toward a more restrictive policy stance to bring inflation under control. Gold was last quoted at 4,188.04 USD/t.oz on October 13, 2026, down 2.58% over the past month.