Gold gains on CPI nerves as Fed rate hike ambiguity lingers
TL;DR Summary
Gold rose about 1.5% after August CPI showed hotter core inflation, keeping the Fed rate-hike question in play. While inflation remains above target, the metal’s safe-haven bid and market pricing of higher rates support prices, though higher rates cap gains. Analysts see pullbacks as buying opportunities, amid debt dynamics that could limit how high rates go and keep volatility ahead of the Fed decision.
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- Gold, silver prices whipsaw as core CPI keeps Fed hike in play - Kitco AM Report kitco.com
- Gold weathers violent rates move ahead of US CPI forex.com
- Gold Holds Drop as Rising Oil, Inflation Bolster Rate-Hike Bets Bloomberg.com
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