Gold near $4,383 in Europe after an intraday high of $4,434 as the dollar steadies ahead of PPI. FedWatch ~62% Sep hike vs Reuters economists’ pause through year-end — both quoted, not averaged. DXY ~98.90; 10y ~4.85%.
Gold reversed earlier gains on Thursday as the US Dollar steadied ahead of Producer Price Index data.
XAU/USD trades around $4,383 after reaching an intraday high of $4,434, with a downside bias as the USD stabilizes ahead of US PPI due at 12:30 GMT.
CME FedWatch Tool: traders price in around a 62% probability of a rate hike at the September 15–16 meeting.
Separately, most economists surveyed by Reuters expect the central bank to keep interest rates unchanged through the end of the year.
DXY around 98.90 after an intraday low of 98.71; 10-year Treasury yield around 4.85%. Soft prior Gold NY reclaim ~$4,400 and Treasury ~$6B buyback.
Also see: Gold Slides Near $4,346 as Hot PPI Lifts Fed Hike Odds, Dollar and Yields.
Also see: Gold Near $4,368 as Hot PPI Keeps Fed Hike Odds Elevated.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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Silver slides near $64.35 (−4.39%), below $65, as hot PPI lifts Fed hike bets. FedWatch ~70% this stamp, up from about 61% pre-data. DXY ~98.90; 10y ~4.92%.
Gold near $4,368 (−0.75%) as hot PPI keeps Fed hike odds elevated. FedWatch ~64% next-week hike vs Reuters economists’ pause through year-end — both quoted, not averaged. DXY ~98.96; 10y ~4.92%.
Gold slides near $4,346 after an intraday high of $4,434 as hot PPI lifts the dollar, yields and Fed hike pricing. FedWatch ~64% next-week hike vs Reuters economists’ pause through year-end — both quoted, not averaged.