# Warsh Rate Hike Comments Lower Gold Hike Expectations

> Federal Reserve Chair Warsh signals no October rate hike, lifting gold above $4,200.
- Title: Warsh Rate Hike Comments Lower Gold Hike Expectations
- Summary: Federal Reserve Chair Warsh signals no October rate hike, lifting gold above $4,200. Federal Reserve Chair Kevin Warsh's comments reduced October rate hike…
- Keywords: kevin warsh, federal reserve, gold futures, us dollar index, us 10-year treasury yield, silver, platinum, palladium, anz, strait of hormuz, international monetary fund, imf annual meetings
- Source: BigGo Finance — https://finance.biggo.com/news/db38a0bb-0efc-46e3-9015-c043f8c762ea
- Author: BigGo Finance
- Published: 2026-10-19T07:25:58+00:00
- Read time: 1 min
- Topics: kevin warsh, federal reserve, gold futures, us dollar index, us 10-year treasury yield, silver, platinum, palladium, anz, strait of hormuz, international monetary fund, imf annual meetings
## Warsh Remarks
Federal Reserve Chair Kevin Warsh said he would not prejudge October and December policy decisions.

> he would not prejudge the policy decisions at the October and December meetings
## Market Reaction
Implied probability of a quarter-point October rate hike fell below 20%, lifting spot gold 0.4% to $4,180.29 an ounce.

> the implied probability of a quarter-point October increase fell below 2
## Gold Futures Break $4,200
U.S. gold futures gained 0.5% to $4,200.92, formally breaking through the $4,200 mark.

> U.S. gold futures gained 0.5% to $4,200.92
## Precious Metals Rise
Silver, platinum and palladium rose in tandem as US Dollar Index moved little.

> silver rose 1.3% to $57.73 an ounce
## Gold Down 20% Since February
Gold has fallen roughly 20% since the U.S.-Iran conflict erupted in late February.

> gold is still down roughly 20% since the U.S.-Iran conflict erupted in late February
## ANZ's Gold Forecast
ANZ predicts gold could break $5,000 an ounce by 2027 due to fiscal and debt risks.

> gold could break $5,000 in 2027
## Analysts Divided
Analysts disagree on near-term gold direction with yields and dollar as key variables.

> analysts at other institutions are divided on the near-term direction
## Treasury Yield Impact
Gold and U.S. 10-Year Treasury Yield are inversely correlated, with yields influencing gold prices.

> gold and the U.S. 10-Year Treasury Yield remain clearly inversely correlated
## Inflation Data Concerns
Recent inflation data above expectations may prompt further rate hikes and dollar strength.

> the risk posed by last week's inflation data may be underappreciated
## Central Bank Gold Buying
Central banks worldwide are diversifying reserves, supporting gold demand.

> central banks worldwide continue to diversify foreign-exchange reserves
## Gold's Resilience
Gold has shown resilience amid rising yields, strong dollar, and elevated oil prices.

> gold has shown resilience amid rising yields
## Key takeaway

Federal Reserve Chair Kevin Warsh's comments reduced October rate hike probability below 20%, pushing gold futures above $4,200.