Gold steady as investors await key US inflation report
AI Market Summary
Gold is little changed after touching a three-month high as markets await key US inflation data that will shape expectations for the Fed's rate path. A widely watched pause probability for next month underscores event risk around yields and the dollar, keeping bullion range-bound into the release. Other precious metals are modestly firmer, suggesting cautious positioning rather than a decisive risk shift.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.30%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Spot gold was little changed at $4,654.17 an ounce after earlier climbing to a more than three-month high. US gold futures rose 0.4% to $4,711.40. Traders are focusing on the next US inflation release for clues on the Federal Reserve's rate path, with markets pricing in a 60.4% chance of a pause at next month's meeting. In other precious metals, spot silver added 0.2% to $68.80 an ounce, platinum gained 0.1% to $1,858.91, and palladium advanced 1.1% to $1,341.23.
