MODEL PORTFOLIO
THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
investment-ss-3
Reports
Policy rate views: Fed expected to do baby steps
DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Faster but full-year average within target
DOWNLOAD
948 x 535 px AdobeStock_433552847
Reports
Monthly Economic Update: Waiting on Jay Powell
DOWNLOAD
View all Reports
Metrobank.com.ph How To Sign Up
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • Deficit spending remains unabated

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph How To Sign Up
Access Exclusive Content Login to Wealth Manager
Search
MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
investment-ss-3
Reports
Policy rate views: Fed expected to do baby steps
September 18, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Inflation Update: Faster but full-year average within target
September 5, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Reports
Monthly Economic Update: Waiting on Jay Powell
September 2, 2025 DOWNLOAD
View all Reports
Markets 2 MIN READ

Gold prices edge down after dollar’s rebound

October 27, 2022By Reuters
Related Articles
Gold advances on fresh banking jitters as Fed verdict looms May 2, 2023 South Korea March inflation hits decade high on supply challenges April 5, 2022 Gold hits record high as traders bet on US rate cuts, eye Powell's signal September 23, 2025

Oct 27 (Reuters) – Gold prices eased in choppy trading on Thursday as a rise in the US dollar offset support for the precious metal from expectations the Federal Reserve will slow its interest rate hikes after a policy meeting next week.

Spot gold was down 0.2% to USD 1,661.25 per ounce by 1:41 p.m. EDT (1741 GMT), while US gold futures settled at USD 1,665.60, 0.2% lower on the day.

“Gold seems to be focused on the dollar and technicals here, along with an element of profit-taking from yesterday,” said Bart Melek, head of commodity markets strategy at TD Securities.

The dollar rose 0.6% against its rivals after dropping to more than a one-month low in the last session, making bullion less attractive for overseas buyers.

Data showed the US economy rebounded more than expected in the third quarter amid a decline in the trade deficit, returning to growth after a contraction in the first half of the year. Consumer spending, however, was curbed by the Fed’s aggressive rate increases.

Markets expect the US central bank to raise its benchmark overnight interest rate by another 75 basis points at its Nov. 1-2 policy meeting, with a potential for a smaller increase in December. US rate hikes increase the opportunity cost of holding zero-yielding bullion.

“It’s probably too early to talk about stopping rate increases … we don’t expect a pivot because inflation will continue to be a problem through much of next year,” Melek added.

In addition to next week’s US monetary policy meeting, investors will focus on the release on Friday of US personal income data for September, which will include the latest reading of an inflation measure closely watched by the Fed.

Elsewhere, spot silver fell 0.6% to USD 19.51 per ounce, platinum rose 1.3% to USD 963.38 and palladium was down 1.2% to USD 1,940.33.

(Reporting by Seher Dareen in Bengaluru; Editing by Maju Samuel, Susan Fenton and Paul Simao)

 

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Access this content:

If you are an existing investor, log in first to your Metrobank Wealth Manager account. ​

If you wish to start your wealth journey with us, click the “How To Sign Up” button. ​

Login HOW TO SIGN UP