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.
Gold reversed after a hot US producer-price print lifted the dollar, yields and Fed hike pricing.
XAU/USD trades around $4,346 after reaching an intraday high of $4,434.
CME FedWatch Tool (this piece): traders price in 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 trades around 98.10, recovering from an intraday low of 98.71; 10-year yield around 4.92%. US PPI rose 0.4% MoM in August; annual producer inflation climbed to 5.4%.
Follows Gold EU ~$4,383 ahead of PPI.
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.
No comments yet. Be the first to share your view.
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%.
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.