# Gold Eases After Climbing Over 1%

> Gold prices dropped slightly Friday after rising more than 1% the previous session as traders assessed Federal Reserve rate hike expectations.
- Title: Gold Eases After Climbing Over 1% · The Economic Times
- Summary: Gold prices dropped slightly Friday after rising more than 1% the previous session as traders assessed Federal Reserve rate hike expectations. Gold prices…
- Keywords: gold, federal reserve, interest rates, us treasury yields, inflation, yemen, houthi attacks, money, business, Eases, Climbing, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/commodities/news/gold-eases-after-climbing-over-1-in-previous-session/articleshow/134980375.cms
- Author: Reuters
- Published: 2026-10-16T02:08:00+00:00
- Read time: 1 min
- Topics: gold, federal reserve, interest rates, us treasury yields, inflation, yemen, houthi attacks, money, business
## Gold Prices Drop
Spot gold fell 0.4% to $4,152.99 per ounce during early Asia trade Friday.
## Previous Session Gain
Gold rose more than 1% in the prior session on weaker dollar and lower US Treasury yields.
## Fed Rate Hike Expectations
Traders price a 28% chance of a rate hike this month and 93% chance of a December increase.
## Inflation Data
US producer prices rose by the most in 4-1/2 years in September amid rising costs for goods and services.
## Fed Officials' Views
Chicago Fed President Austan Goolsbee called recent inflation data 'discouraging', while Cleveland Fed President Beth Hammack warned of aggressive rate hikes.
## Geopolitical Impact
Yemen's Houthis fired missiles at Aden's presidential palace, killing five people, as Saudi-led coalition listed Houthi attacks on Saudi infrastructure.
## Metal Prices Trend
Silver fell 0.6% to $57.09, platinum lost 0.1% to $1,624.05, and palladium rose 0.2% to $1,128.70, all heading for weekly losses.
## Key takeaway

Gold prices fell 0.4% to $4,152.99 per ounce Friday after climbing over 1% the prior session amid Fed rate hike speculation.