Gold Little Changed As August CPI Raises Interest-Rate Expectations
Gold prices firmed on Tuesday after hitting a one-month low. Investors are now awaiting the Federal Reserve's policy decision for monetary cues. Bullion prices previously slipped due to rallying oil prices and hot inflation data, which strengthened expectations for a rate hike this week. Market sentiment remains tense as the U.S. 10-year Treasury yield briefly touched 5.041%, the highest level since July 2007, and FOMC rate-hike odds surged to 95%.
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- β Gold prices touched a more than one-month low before firming on Tuesday.
- β Expectations for a U.S. Federal Reserve interest rate hike strengthened following hot inflation data and rising oil prices.
- β The U.S. 10-year Treasury yield reached 4.98% on Monday and briefly touched 5.041% on Tuesday.
- β Brent crude oil rose 2% to $107.82 a barrel and WTI crude oil rose 2.1% to $103.50 a barrel.
What changed
Gold firmed on Tuesday after touching a one-month low as the market shifted focus to the upcoming Fed policy decision.
Live updates
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Gold Stabilizes After One-Month Low Amid Rising Fed Rate Hike Bets
Gold prices firmed on Tuesday after hitting a one-month low. Investors are now awaiting the Federal Reserve's policy decision for monetary cues. Bullion prices previously slipped due to rallying oil prices and hot inflation data, which strengthened expectations for a rate hike this week. Market sentiment remains tense as the U.S. 10-year Treasury yield briefly touched 5.041%, the highest level since July 2007, and FOMC rate-hike odds surged to 95%.
Why it matters
Higher interest rates typically increase the opportunity cost of holding non-yielding assets like gold. Current pressure stems from inflation concerns broadening beyond energy, with CPI near 3.5% this year.
What is confirmed
- Gold prices touched a more than one-month low before firming on Tuesday.
- Expectations for a U.S. Federal Reserve interest rate hike strengthened following hot inflation data and rising oil prices.
- The U.S. 10-year Treasury yield reached 4.98% on Monday and briefly touched 5.041% on Tuesday.
- Brent crude oil rose 2% to $107.82 a barrel and WTI crude oil rose 2.1% to $103.50 a barrel.
Still unconfirmed
- Copper reached a record last week due to bets on U.S. tariffs of refined metal.
What to watch next
- The Federal Reserve's official policy decision on interest rates.
- Upcoming U.S. consumer sentiment and inflation data updates.
confidence 85%Sources used for this update (8)
- www.interest.co.nz β Breakfast briefing: Higher yields are here to stay
- www.share-talk.com β SP Angel β Todayβs Market View, Monday 14th September 2026
- www.cnbc.com β Gold falls on growing Fed rate hike bets ahead of policy meeting
- www.cnbc.com β Gold holds steady as investors await Fed policy cues
- www.marketscreener.com β Oil Prices Rise as Saudi East-West Pipeline Remains Shut, Houthi Advances Keep Supply Risks Elevated -- Commodities Roundup
- discoveryalert.com β Why the Fed, Not Inflation, Drove the Precious Metals Selloff
- www.briefs.co β Most Survey Respondents Now Expect Multiple Fed Rate Hikes
- finance.biggo.com β U.S. 10-Year Yield Tops 5%, NY Stocks Extend Losses as FOMC Rate-Hike Odds Surge to 95%
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Gold Wavers as Inflation and Oil Prices Lift Rate Hikes
Gold prices wavered and hovered near a one-month low as high oil prices and inflation fueled expectations for Federal Reserve interest rate hikes ahead of key consumer price index data. Wall Street shifted to a bullish stance on gold leading up to the central bank meeting, while Main Street retained a narrow bullish majority despite a weekly price slide. Investors awaited the upcoming inflation figures to gauge the direction of monetary policy and bullion markets.
Why it matters
Precious metals face heavy pressure when inflation remains persistent and energy costs rise, prompting central banks to consider tighter monetary policy. Higher interest rates typically reduce the appeal of non-yielding assets like gold by strengthening competing yields. Market participants track these economic indicators closely to anticipate policy shifts from the Federal Reserve.
What is confirmed
- Gold wavered as high oil prices and inflation bolstered rate-hike bets.
- Gold opened on Friday, September 11, 2026, at its lowest level in over a month.
Still unconfirmed
- Wall Street turned bullish on the gold price ahead of the Federal Reserve meeting.
What to watch next
- Release of U.S. consumer price index data
- Federal Reserve interest rate decisions and policy announcements
confidence 90%Sources used for this update (5)
- WSJ β Gold Rises Ahead of U.S. CPI Data
- Bloomberg.com β Gold Wavers as High Oil Prices, Inflation Bolster Rate-Hike Bets
- Yahoo Finance β Gold price today, Friday, September 11, 2026: Gold opens at lowest level in over a month ahead of CPI data
- KITCO β Wall Street turns bullish on gold price ahead of the Fed, Main Street clings to slim bullish majority despite weekly slide
- CBS News β Thinking about investing in gold bars and coins? Here's where prices could be headed this fall.
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