Commodities
Gold Prices Stabilize Amid US Inflation Data and Fed Rate Hike Expectations
Gold prices steadied on September 14, 2026, after three weeks of decline. The precious metal was trading near $4,350 an ounce as hotter-than-expected US inflation data raised bets for a Federal Reserve interest rate hike later that week.
The core consumer price index, excluding food and energy costs, rose by 0.3% in August compared to the previous month. This increase fueled expectations of a potential interest rate hike, which could impact gold's value.
Despite gold ending higher on the day inflation data was released, it still dropped 1.8% for the week. The market's reaction shows that investors are closely watching the Federal Reserve's next move and its implications for gold prices.