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Gold Futures finish lower on Fed rate hike bets

21 Oct 2026 Evaluate

Gold futures finished lower on Tuesday, weighed down by bets on an interest rate hike ahead of the Federal Reserve monetary policy meeting. Moreover, fears over energy-driven inflation following a surge in Brent crude oil prices also buoyed gold prices.

Gold futures for December delivery down by $17.50 or 0.42% to settle at $ 4,142.60 an ounce on the Comex division of the New York Mercantile. Spot gold dipped by $5.51 or 0.13% to $4,119.69 an ounce.