Gold subdued as oil rises, investors await key US inflation

Live updates

1. 2h ago

   Gold Subdued as Oil and Inflation Boost Fed Rate Hike Bets

   Gold prices fell more than 1% on Thursday as robust United States inflation data and rising oil prices increased expectations for a Federal Reserve rate hike next week. Trading remains volatile as markets react to persistent economic pressures. Meanwhile, Indian benchmark indices Sensex and Nifty snapped a three-session losing streak, recovering through late buying despite the rising crude prices.

   Why it matters

   Market sentiment reacts heavily to crude oil prices surpassing $100 and escalating Middle East tensions, which investors fear will drive inflation higher. These converging economic factors directly influence Federal Reserve policy expectations and broader market stability across global trading desks.

   What is confirmed

   • Gold prices dropped over 1% on Thursday due to robust U.S. inflation data and rising oil prices.
   • Sensex and Nifty snapped a three-session losing streak, recovering through late buying.

   Still unconfirmed

   • Gold is predicted to hit $15,000 by December at 0.7% YES.

   What to watch next

   • The official Federal Reserve policy decision and interest rate announcement next week.
   • Release of subsequent United States inflation data.
   Sources used for this update (4)

   1. money.rediff.com — Read Stories From New+delhi
   2. www.cnbc.com — Gold falls over 1% as U.S. inflation data boosts Fed hike bets
   3. www.thehindubusinessline.com — Sensex, Nifty snap 3-session losing streak as CAS recovery lifts indices
   4. cryptobriefing.com — Gold prices subdued as oil, inflation bolster Fed rate hike bets
   confidence 95%
2. 1d ago

   Gold prices fluctuate as Middle East tensions fuel inflation fears

   Gold prices showed mixed movement on Wednesday, with some reports indicating a climb of more than 1% due to a weak US dollar, while others noted a decline. Market pressure stems from escalating Middle East tensions, which investors fear will drive inflation higher and reinforce expectations for elevated interest rates. Trading remains volatile as investors await key US inflation data to determine the Federal Reserve's next policy move. Meanwhile, crude oil prices have surpassed $100, contributing to a crash in the Sensex.

   Why it matters

   Gold typically moves inversely to the US dollar and interest rates. Higher inflation expectations often lead central banks to raise rates, which increases the opportunity cost of holding non-yielding assets like gold.

   What is confirmed

   • Gold prices were influenced by a softer US dollar on Wednesday.
   • Investors are awaiting key US inflation data.
   • Escalating Middle East tensions have raised concerns regarding higher inflation and interest rates.

   Still unconfirmed

   • Gold climbed more than 1% on Wednesday.
   • Gold prices edged lower on Wednesday.
   • Crude oil crossed $100.
   • The Sensex crashed 813 points.
   • Euro zone government bond yields reached fresh multi-year highs.

   What to watch next

   • Release of US inflation data
   • Federal Reserve policy announcements
   • Further movement in crude oil prices above $100
   Sources used for this update (5)

   1. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex crashes 813 pts, Nifty closes at 23,431 as crude crosses $100
   2. www.cnbc.com — Gold firms on softer dollar; U.S. inflation data in focus
   3. timesofindia.indiatimes.com — Gold Silver Rate Today Highlights: Gold falls for third day, silver surges Rs 2,300 per kg
   4. www.marketscreener.com — Euro zone yields hit multi-year highs as traders see two ECB hikes by end of 2026
   5. www.marketscreener.com — Gold subdued on inflation worries, rate hike expectations
   confidence 70%
3. 2d ago

   Gold stabilizes as investors await US inflation data

   Gold prices are currently steady following a period of volatility. The metal climbed Tuesday as the US dollar weakened, though some of those gains later slipped. Traders are now balancing Middle East tensions and concerns over Federal Reserve rate hikes against a softening dollar. Market focus has shifted to upcoming US inflation data, which investors expect will determine the Federal Reserve's next policy move. This follows a recent decline where gold fell more than 2% after strong US payrolls increased bets on rate hikes.

   Why it matters

   Gold often moves inversely to the US dollar and interest rate expectations. Robust employment data typically strengthens the dollar and prompts the Fed to raise rates, which increases the opportunity cost of holding non-yielding assets like gold.

   What is confirmed

   • Gold prices climbed Tuesday due to a slipping US dollar.
   • Upcoming US inflation data is expected to influence the Federal Reserve's next policy move.
   • Gold fell more than 2% after robust US payrolls increased bets on rate hikes.

   Still unconfirmed

   • Traders are weighing Middle East tensions and dollar moves to determine gold's direction.
   • Gold shows neutrality following Friday's NFP report.

   What to watch next

   • Release of US inflation data
   • Federal Reserve policy announcement regarding interest rates
   Sources used for this update (9)

   1. Bloomberg.com — Gold Steadies as Traders Weigh Mideast Tensions and Dollar Moves
   2. FOREX.com — Gold Update: XAU/USD Shows Neutrality Following Friday's NFP Report
   3. CNBC — Gold slides more than 2% after robust U.S. payrolls boosts rate hike bets
   4. Reuters — Gold gains as dollar eases with US inflation data on radar
   5. www.cnbc.com — Gold gains as dollar eases with U.S. inflation data on radar
   6. Investing.com — Gold slips after earlier gains as dollar weakness offsets Fed hike concerns
   7. www.thehindubusinessline.com — Sensex today | Stock Market Live: Sensex, Nifty seen subdued as Brent crude nears $100
   8. ca.finance.yahoo.com — Futures Slip on Weaker Oil Prices
   9. www.marketscreener.com — Esper Raises Concern Over Pentagon Leadership Loss
   confidence 90%