Gold Slides to $4,310 as Fed Hike Odds Rise

Gold has slid to $4,310 as rising Fed rate hike expectations, driven by strong inflation data, outweigh safe-haven demand from Middle East tensions. With U.S. CPI data imminent, analysts view the precious metal as technically bearish until key resistance levels are breached, while silver benefits from a projected physical supply deficit.
FXEmpire highlights that the upcoming U.S. CPI release at 12:30 GMT is the critical next catalyst, noting that hotter producer data has already pushed September Fed hike odds to 70%. The analysis also points to a structural silver deficit in 2026 and warns that gold remains technically bearish below the $4,375–$4,435 resistance zone.
Source: GN auto markets/commodities: silver pricesGold prices retreated to one-week lows near $4,310 as strong US inflation data boosted expectations for a Federal Reserve rate hike.
Source: Gold (Google News)






