# Gold Rises as Fed Rate Hike Prospects Fade

> Gold prices climb as October Fed rate hike expectations drop.
- Title: Gold Rises as Fed Rate Hike Prospects Fade · mint | Shortify
- Summary: Gold prices climb as October Fed rate hike expectations drop. Gold prices rose 0.4% to $4,158.17 per ounce as soft U.S. labor data reduced October Fed rate…
- Keywords: gold, fed, rate hike, october, labor data, central bank, money, business, Rises, Rate, Hike, Prospects
- Source: mint — https://livemint.com/market/gold-gains-as-october-fed-rate-hike-prospects-fade-11791166334138.html
- Published: 2026-10-05T02:12:13+00:00
- Read time: 1 min
- Topics: gold, fed, rate hike, october, labor data, us, central bank, money, business
## Gold Prices Rise
Gold prices drifted higher on Monday after recent soft economic data sharply lowered expectations of a Federal Reserve rate hike in October.
## Spot Gold Up 0.4%
Spot gold was up 0.4% to $4,158.17 per ounce by 0150 GMT.
## US Job Growth Slowed
US job growth slowed more than expected in September, and the nonfarm payrolls count for the prior two months was revised sharply lower.
## Market Analyst Says
Tim Waterer, chief market analyst at KCM Trade, said softer labor market data has helped dial back October Fed hike expectations.
## October Hike Probability Drops
Traders now see a 22% probability of a Fed rate hike in October, down from 64% a week ago.
## December Hike Still Likely
Traders still price in an 87% chance of an increase in December.
## Key takeaway

Gold prices rose 0.4% to $4,158.17 per ounce as soft U.S. labor data reduced October Fed rate hike prospects to 22%.