#middle-east
Daily Infinity News
Gold climbs back above $4,400 ahead of decisive CPI
Oil above $102, Hormuz under pressure, and the Fed pricing in nearly 70% odds of a September rate hike – today’s US CPI at 14:30 CEST will decide XAU/USD’s next move.
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Gold extends its decline as inflation and rate-hike risks intensify
A third straight session of losses takes gold to around $4,305 as renewed US-Iran strikes lift oil, markets price a near-70% chance of a September Fed hike and the 30-year Treasury yield climbs back above 5.28%. Safe-haven demand is not enough to offset the energy-driven inflation headwind.
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