Gold drops below $4,600 as US inflation data boosts rate hike bets
Gold fell over 1.37% on Wednesday, slipping below $4,600, after US inflation data aligned with estimates and raised the likelihood of a Federal Reserve rate hike in December 2026.
Gold Market
Tagged: us inflation
Gold rises for fourth day, silver slips as markets await US inflation data
Gold rose for a fourth consecutive session on MCX, gaining Rs 8,200 per 10g, while silver snapped a three-day rally, falling Rs 1,800/kg. Markets await US inflation data and a speech by Fed Chair Kevin Warsh.
Gold holds above $4,300 as cooling US inflation tempers Fed rate hike bets
Gold prices held above $4,300 per ounce after cooling US producer price data reduced the likelihood of a near-term Federal Reserve interest rate rise.
Gold trades near $4,400 as Middle East risks offset US CPI data
Gold traded close to $4,400 per troy ounce as persistent Middle East friction balanced out softer US inflation data that tempered Federal Reserve interest rate expectations.