Gold Prices Edge Lower as US Inflation Data Reinforces Fed Outlook
Analysts cut gold forecasts as high Treasury yields and a stronger dollar keep pressure on bullion, while traders price in an 84% chance of a December hike.
- Gold steadied above US$4,000 an ounce on Wednesday as dip buyers entered the market ahead of the Federal Reserve's interest-rate decision due later today, with bullion holding a 1.1 per cent gain.
- A sell-off in AI-related stocks last week pushed gold to its lowest since mid-July, as investors sold the metal to cover losses elsewhere and arrest a more sustained decline.
- Higher oil prices are stoking inflation fears while traders price in an 84% probability of a rate hike in December, according to CME's FedWatch Tool, as investors await clarity from the Federal Reserve.
- Investors await Personal Consumption Expenditures data due Thursday, which the Federal Reserve watches to target 2% inflation; independent analyst Nikos Tzabouras said if data is soft, "bullion could push higher."
- Analysts cut their 2026 gold price forecast for a second straight quarter due to high Treasury yields and a strong US dollar, though a Reuters survey shows expectations for recovery in 2027.
72 Articles
72 Articles
Gold prices edge lower as US inflation data reinforces Fed outlook
Gold prices fell in early Asian trading, reflecting a decline of over 1% from the previous session. Spot gold is currently valued at $4,006.06 per ounce, while US gold futures have dipped to $4,018.50. Heightened inflation worries have raised fears of a potential interest rate hike by the Federal Reserve in December.
Gold slides as higher US inflation reinforces Fed tightening bets
Gold prices fell ahead of the Fed's rate decision after the Fed's interest rate decision and inflation data to be released in the US. Developments in West Asia and expectations for the Fed's policy in the coming period remained in focus for markets, while the drop in gold under the ounce was reflected in gram gold prices domestically.
<p>Gold fell to $4053.90 an ounce after the US Fed's rate decision The price of gold fell 0.3% after the Fed kept rates unchanged. Investors are waiting for new inflation data and decisions in December.</p>
Gold dips on firmer dollar; US inflation data in focus
Gold prices experienced a decline as the dollar strengthened following the Federal Reserve's decision to hold interest rates steady. Market participants are now paying close attention to forthcoming inflation statistics, which could sway the Fed's future decisions. Spot gold dropped by 0.7%, while both silver and platinum recorded slight downturns. However, palladium saw a modest uptick due to ongoing market volatility.
Coverage Details
Bias Distribution
- 38% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
