Gold on Track for Third Weekly Loss as U.S. Inflation Data Looms
Traders lifted rate-hike bets after a stronger producer price reading, leaving gold on track for a third straight weekly decline.
- Gold prices head for a third consecutive weekly loss on Fri as traders await consumer price index Data to gauge the Federal Reserve policy path.
- Data showed the Producer Price Index rose 0.4 per cent on Thursday, following an upwardly revised 0.1 per cent gain, strengthening expectations of a rate hike.
- Among other metals, Spot silver lost more than 4 per cent for the week while Spot gold fell more than 2 per cent; Platinum eased 0.2 per cent.
- Traders increased bets that the Fed will raise interest rates next week, with Wael Makarem, financial markets strategists lead at Exness, noting stronger inflation data could reinforce rate increases.
- Ongoing Middle East tensions, including Iran-aligned Houthis seizing Yemen port city of Mocha, could weigh on Gold through higher inflation expectations, as President Donald Trump expects the Iran war to end.
16 Articles
16 Articles
Economy: Direct - Today's gold prices are going on Friday to record a weekly decline for the third week in a row, despite their slight rise during today's dealings, as investors expect inflation data to be released...
Key takeaways Gold prices are poised to record their third consecutive weekly decline, despite a slight recovery on Friday. That downturn is driven primarily by growing expectations that the Federal Reserve will raise interest rates, keeping investors cautious. At 11:08 a.m., spot gold was trading at $4,347 per ounce, while gold futures stood at $4,389. […]
Gold Prices Are Heading for a Second Consecutive Week of Losses Ahead of US Inflation Data Releases.
Pressure on precious metals intensified sharply after a report on September 10th showed that the US Producer Price Index for August 2026 rose 0.4%, exceeding the adjusted 0.1% increase in July 2026. Gold prices fell by more than 1% due to rising US inflation and escalating oil prices. Domestic gold prices remained stable, while exchange rates at commercial banks fell sharply. Gold prices on September 10th: Price list at gold, silver and gemstone…
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