📊 GOLD HOLDS STEADY AHEAD OF CRITICAL U.S. INFLATION DATA
Gold prices remained almost flat in early trade, holding ground near a three-month high as investors await key U.S. inflation figures for signals on the Federal Reserve’s next interest rate move.
Key Highlights:
Spot Gold: Flat at $4,654.17/oz
U.S. Futures: Up 0.4% to $4,711.40
Focus on PCE: Markets are focused on the U.S. Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge.
Fed Rate Expectations: CME FedWatch indicates a 60.4% chance of rates remaining unchanged next month, supporting gold's appeal.
Other Metals: Spot Silver (+0.2% to $68.80), Platinum (+0.1% to $1,858.91), and Palladium (+1.1% to $1,341.23) logged small gains.
Markets are also turning their attention to Fed Chair Kevin Warsh's upcoming speech at the Jackson Hole symposium.
2August 26, 2026 416
