Gold Slips as Markets Assess Fed Signals, Await US Inflation Data
Markets saw a 2-voter dissent as traders weighed a higher-for-longer rate path against gold’s near-record level and a 5.02% 10-year yield.
- 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.
52 Articles
52 Articles
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.
Business Recorder
Hindustan TimesGold slips as markets assess Fed signals, await US inflation data
Gold prices fell on Thursday as investors assessed signals from the Federal Reserve and Chair Kevin Warsh after policymakers left interest rates unchanged, while awaiting key US inflation data later in the day for further clues on the rate outlook. Spot gold slid 0.7% to $4,037.98 per ounce by 0410 GMT, while US gold futures for December delivery steadied at $4,049.80. “Today’s fall is purely because of persistent Middle East uncertainty and m…
<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.
Gold prices declined at the conclusion of the trades, today Wednesday, due to rising oil prices, and after the Central Bank of the United States kept the benchmark interest rates unchanged in a step that was widely expected.
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