Forex

Gold Stumbles Towards Third Weekly Loss Amid Rate Hike Expectations

Guavy AI Editorial Team Published September 11, 2026

Instruments

USD

Gold prices edged higher on Friday but were headed for a third consecutive weekly fall as expectations of a US rate hike strengthened.

The spot gold price rose by 0.2% to $4,324.79 per ounce at 0020 GMT, while US gold futures for December delivery fell 1% to $4,364.70.

Traders are awaiting the release of US consumer price index data, due at 1230 GMT, which will provide further clues on the Federal Reserve's policy path.

The Wire

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