Gold rebounds from a one-year low as oil's slide eases inflation worries

Traders put the odds of a December rate hike at about 75%, down from 80% a week earlier, according to CME's FedWatch Tool.

By James Mitchell · Nov 2, 2026, 10:20 PM EST

Why it matters: Cheaper oil cooled inflation worries, and traders now see slightly lower odds of a December Fed rate hike.

For information only, not investment advice.

Gold rebounded Monday from a one-year low as falling oil eased inflation worries, CNBC reported. Traders now put the odds of a December Fed rate hike at roughly 75%, down from 80% a week ago, per CME's FedWatch Tool.

Sources

Gold rises from one-year low on softer oil prices; U.S. midterms in focus, CNBC

Tags: markets-moves · fed · interest-rates · inflation

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