Business · Markets · 1 hr ago
Gold rises as oil and the dollar fall, with US inflation data ahead
Gold prices rose as oil and the US dollar fell, while investors waited for new US inflation data.
Asian stock markets opened mixed on Monday, with trading limited by a holiday in Japan and quieter activity in the United States.
Oil prices fell amid uncertainty over Russia’s ability to increase energy exports and continuing attacks in the Gulf.
The US president announced a ceasefire in the energy sector between Russia and Ukraine, but proposals to increase Russian diesel exports drew objections from senators of both major US parties.
Investors are also watching company results, including an expected Thursday update from Taiwan Semiconductor Manufacturing Company, a major maker of advanced chips used in artificial intelligence.
US inflation, producer price and retail sales figures are due this week, and higher energy costs are expected to push up headline inflation.
Major US banks are due to begin reporting results on Tuesday, offering investors more information about company performance.
Gold rose as oil prices and the US dollar fell, while markets awaited US inflation data.
Brent crude fell 1.6% to $103.01 a barrel, and US crude declined 1.9% to $90.11.
Markets expected US consumer prices to rise 0.6% month on month and 3.7% year on year.
Asian stock markets were mixed at the start of the week.
Investors were also watching the start of the US corporate earnings season.
- Who
- Gold investors and financial markets.
- What
- Gold rose as oil and the US dollar fell, with US inflation data due.
- When
- Monday, 12 October 2026; the markets were also awaiting data due this week.
- Where
- Global markets, including Asian markets and the United States.
- Why
- The headline attributes gold’s rise to falling oil prices and the dollar. The article says markets were waiting for US inflation figures.
This story does not have two clearly opposing sides.
The gains in the US index since mid-September have been concentrated almost entirely in the technology sector, while investors are demanding higher returns to finance the huge borrowing linked to artificial intelligence.
Oil prices are still higher than previous estimates, alongside rising shipping costs and prices of oil products.
US Treasury yields reached their highest levels in 24 years, according to the article.
Asian stock markets began the week mixed as oil prices fell and investors awaited US inflation data.
Major US banks were due to begin reporting earnings.
US consumer price, producer price and retail sales data were due.
Taiwan’s TSMC was expected to report a sixth consecutive quarter of record profits.
- Brent crude
- Fell 1.6% to $103.01 a barrel
- US crude
- Fell 1.9% to $90.11 a barrel
- Expected US consumer price rise
- 0.6% month on month; 3.7% year on year
- Expected core consumer price rise
- 0.2% month on month; 2.5% year on year
- TSMC earnings
- Expected Thursday; a sixth consecutive record-profit quarter was forecast
Sources
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