Gold Prices in Qatar Fall as Oil Rises Ahead of US Fed Meeting

Gold prices in Qatar declined at the start of Saturday, October 24, 2026, reflecting a broader retreat in the precious metal on global markets over the week.

The local downturn came as oil prices rose and investors awaited a US Federal Reserve meeting, keeping attention on the outlook for American interest rates.

Interest-rate expectations are an important influence on gold, which pays no interest. Higher rates can reduce its appeal compared with interest-bearing assets, while expectations of lower rates can provide support.

For Qatar’s gold market, the latest decline highlights the influence of international price movements. The Federal Reserve’s policy signals remain a key focus for investors assessing the metal’s next direction.