Gold price today, Wednesday, October 7, 2026: Gold prices losing ground ahead of Fed minutes - Yahoo Finance

AI desk brief

Gold December futures opened at $4,195/oz, up 0.2% from Tuesday’s close, but slipped to $4,138.10 in early trading as the market awaited the Fed minutes. FedWatch showed more than a 78% probability of unchanged rates on Oct. 28 and nearly a 69% chance of a 25 bp hike in December, keeping the short-term policy backdrop a headwind for bullion.

The article also notes gold has not opened above $4,300 since Sept. 25 and is down 7.2% versus a month ago, though still up 5.3% year on year.