Gold ticked up on Thursday as markets weighed the odds of another Fed rate hike this year. Fed minutes showed a majority of policymakers still expect at least one more increase before year-end but did not press for immediate action at the October mee

2026-10-08

Gold ticked up on Thursday as markets weighed the odds of another Fed rate hike this year. Fed minutes showed a majority of policymakers still expect at least one more increase before year-end but did not press for immediate action at the October meeting. Saxo Bank said price action reflects a continued tug-of-war: macro sellers pressured by higher financing costs and a stronger dollar versus buyers seeking hedges against rising debt and borrowing-cost risks.