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Gold Holds Firm Ahead of Key US
Inflation Data
Tokyo, 10 Sep 2026 (ONA) — Gold
prices held steady in early Asian trading today as market participants awaited
key US inflation data that could shape the Federal Reserve’s interest rate
path.
Spot gold was nearly flat at
$4,396.69 per ounce, while US gold futures for December delivery slipped 0.4
percent to $4,440.80 per ounce.
US producer price index data is due
later today, with consumer price inflation figures scheduled for Friday.
The CME’s FedWatch tool shows
markets pricing in a 60 percent probability of a US rate hike this month.
Higher interest rates typically
erode the appeal of non‑yielding assets.
The European Central Bank appears
set to raise rates today for the second time this year as it seeks to counter
an inflation surge driven by higher energy prices.
Spot silver held steady at $67.30
per ounce, platinum rose 0.1 percent to $1,897.57 per ounce, and palladium
gained 0.2 percent to $1,355.44 per ounce.
— Ends/Khalid
