Gold prices are affected by US inflation, investors hold their breath waiting - Laodong.vn

AI desk brief

Gold slipped below $4,400/oz to around $4,395/oz as traders pared risk ahead of this week’s US inflation prints, with last session’s stronger-than-expected August payrolls still weighing on expectations for a near-term Fed easing shift. The metal had earlier probed $4,440/oz, but momentum faded as the market repriced rates and real-yield risk.

The article frames gold’s pullback as a tug-of-war between safe-haven demand and monetary-policy pressure. Higher-for-longer rates remain a headwind because gold does not offer yield, while renewed strength in oil and Middle East supply risks are adding to inflation worries and keeping the Fed outlook cautious. The piece specifically flags PPI and CPI as the next key catalysts: softer prints would revive easing bets and support gold, while sticky inflation would likely lift the USD and Treasury yields and keep pressure on bullion.

Other precious metals also corrected: silver was quoted at $65.76/oz, platinum at $1,821.36/oz, and palladium at $1,383.08/oz. Near term, the setup looks data-dependent and volatile, with the inflation releases likely to determine whether the current consolidation resolves lower on tighter-policy fears or reclaims the recent $4,440/oz area if Fed-cut expectations return.