Gold
Slips as Oil-Driven Inflation Fears Stoke Rate Hike Bets

Singapore,
14 Sep 2026 (ONA) — Gold prices edged lower today, as soaring oil prices
intensified concerns over inflation and reinforced expectations that the US
Federal Reserve may raise interest rates at its monetary policy meeting this
week.

Spot
gold fell 0.5 percent to $4,327.80 per ounce, having logged its third
consecutive weekly decline on Friday. US gold futures for December delivery
dropped by about one percent to $4,368.60.

According
to the CME’s FedWatch tool, traders now price in an approximately 86 percent
probability of a US rate hike at the central bank’s monetary policy meeting on 15
and 16 September, compared with roughly 67 percent before last week’s inflation
data.

Data
released on Friday showed US consumer prices accelerated in August, while a key
measure of core inflation posted its largest increase in four months, reinforcing
expectations that the Federal Reserve will raise interest rates this week.

Goldman
Sachs said on Friday that it still sees upside risks to its forecast of gold
reaching $4,900 per ounce by the end of 2026, although it expects price
volatility to remain elevated. Among other precious metals, spot silver fell
1.1 percent to $63.75 per ounce today, platinum declined 0.8 percent to
$1,782.50, and palladium dropped 0.7 percent to $1,290.36.

—
Ends/Khalid