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Gold Gains as Dollar Eases and
US-Iran Tensions Keep Inflation in Focus
Singapore, 9 Sep 2026 (ONA) — Gold
prices rose today as the dollar edged lower, while renewed US-Iran hostilities
and upcoming inflation data kept attention firmly fixed on the interest rate
outlook.
Spot gold gained 0.4 percent to
$4,372.19 per ounce, while US gold futures for December delivery slipped 0.5
percent to $4,416.00 per ounce.
A softer dollar made bullion more
affordable for holders of other currencies.
Markets are awaiting US producer
price index data due tomorrow, followed by consumer price index figures on
Friday.
Brent crude extended its winning
streak to a fourth consecutive session, with higher oil prices likely to add
upward pressure on inflation as elevated energy costs ripple through the
broader economy.
Spot silver rose 0.4 percent to
$66.00 per ounce, platinum gained 1.0 percent to $1,831.76 per ounce, while
palladium eased 0.3 percent to $1,344.69 per ounce.
— Ends/Khalid
