Business · Markets · 2 hrs ago
Gold falls below $4,100 after US inflation exceeds expectations
Gold fell below $4,100 an ounce after US inflation exceeded expectations on October 14.
The price dropped 1.32% during the day, reversing hopes for a stronger recovery.
TD Securities warned that further selling was possible, even as some funds reduced bets on falling prices.
Higher inflation can strengthen expectations that the US Federal Reserve will keep interest rates high or raise them.
That can weigh on gold because it does not pay interest and may look less attractive than bonds or other investments.
The inflation release has put Fed policy expectations in focus, and investors will watch how markets respond to the figures.
Gold fell sharply after US inflation data exceeded expectations, briefly dropping to $4,079 an ounce.
The September Consumer Price Index rose 3.7% year over year, above the 3.6% forecast cited in one report.
The inflation reading raised concerns that the Federal Reserve could keep interest rates higher or raise them again.
Gold later recovered, trading at $4,146.48 an ounce on Thursday, according to Investing.com Türkiye.
Investors were also watching upcoming US economic data and signals from Federal Reserve officials.
- Who
- Gold investors and traders, responding to US inflation data and Federal Reserve policy expectations.
- What
- Gold prices dropped below $4,100 an ounce after inflation exceeded expectations, then partly recovered.
- When
- October 14, 2026; the reported recovery came on Thursday, October 15.
- Where
- In global markets; the inflation data came from the United States.
- Why
- Higher-than-expected annual inflation raised concern that the Federal Reserve might keep rates high or raise them.
This story does not have two clearly opposing sides.
Gold rose as high as $4,217 an ounce before the advance faded.
Gold remained under selling pressure and moved toward $4,150 an ounce.
US inflation data was released, and gold briefly fell to $4,079 an ounce.
Gold recovered and was reported at $4,146.48 an ounce.
- September annual CPI
- 3.7%
- September monthly CPI
- 0.6%
- Annual CPI forecast
- 3.6%
- Gold low after data
- $4,079 an ounce
- Gold price in reported recovery
- $4,146.48 an ounce