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 held softer into the US session as hot producer prices kept Fed hike pricing and the dollar elevated.
XAU/USD trades around $4,368, down 0.75% on the day.
CME FedWatch Tool (this piece): around a 64% probability of a rate hike next week. Separately, most economists surveyed by Reuters expect the central bank to keep interest rates unchanged through the end of the year.
DXY around 98.96 after briefly rising above 99, while staying above its intraday low of 98.71; 10-year yield around 4.92%, its highest level since November 2023. US PPI rose 0.4% MoM in August; annual producer inflation climbed to 5.4%, slightly above the 5.3% forecast and up from 4.8%. Core PPI rose 0.2% MoM, below the 0.3% forecast.
Follows Gold EU ~$4,383 and Gold post-PPI ~$4,346.
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 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.
Silver slides 2.3% to near $65.80 in Europe as the dollar recovers ahead of PPI. DXY ~99.86 on this stamp (not averaged with gold’s ~98.90). Headline PPI eyed at 5.3% YoY; Commerzbank ~60% hike odds.