Gold Holds Steady Near $4,461 Amid Inflation Watch

Spot gold trades near $4,400, pinned between moving averages as rising US Treasury yields and Brent crude above $100 complicate the Federal Reserve's outlook. Markets are currently pricing a 65% probability of a rate hike ahead of the mid-September meeting, keeping the precious metal in a tight trading range.
According to GN markets/inflation (en-US), spot gold has retreated to $4,400.32 as ten-year Treasury yields climb, capping upside momentum despite rebounding from July lows. The report highlights that traders are now pricing roughly 65% odds of a rate hike ahead of the September Fed meeting, driven by persistent energy costs and geopolitical tensions.
Source: GN markets/inflation (en-US)Spot gold trades at $4,461.40 as markets await US inflation data. Brent crude sits above $100, complicating the Federal Reserve's path.
Source: GN auto markets/commodities: gold prices






