Forex

Gold Price Slumps on Inflation Fears

Guavy AI Editorial Team Published September 9, 2026

Instruments

USD

The gold price plummeted to nearly $4,350 in Wednesday's early Asian session due to concerns about inflation and interest rates.

Rising oil prices have fueled fears of higher inflation, which has boosted expectations for a rate hike by the Federal Reserve (Fed) in September.

All eyes are on the US Producer Price Index (PPI) and Consumer Price Index (CPI) data to be released later, which could shape expectations for the Fed's next policy move.

The Wire

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