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The Economic Times

Gold rises to $4,424.28 an ounce as September rate-hike fears ease ahead of Fed minutes

AI Market Summary
Gold extended a third session of gains as soft U.S. jobs, inflation and retail data reduced perceived odds of near-term Fed tightening, while the dollar sat near multi-month lows. Markets now focus on upcoming Fed minutes for confirmation on the rate path, reinforcing bullion's appeal via lower real-rate expectations. Geopolitical tensions also supported safe-haven demand, with silver and platinum higher and palladium modestly weaker.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.08%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Spot gold extended its advance to $4,424.28 per ounce after softer U.S. jobs, inflation and retail sales data reduced expectations of a September rate increase. Market pricing now implies a nearly 65% chance the Federal Reserve will hold rates steady. Investors are awaiting the Fed’s latest meeting minutes for clues on the policy outlook. Spot silver rose 0.9%, platinum added 0.2%, and palladium slipped 0.3%.
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