Gold price fall deepens to $4,331 as Fed rate hike bets hit 88% - Cryptonews.net

AI desk brief

Spot gold fell to about $4,331/oz (-0.4%) as hotter-than-expected U.S. core CPI (+0.3% m/m in August) pushed markets to price an 88% probability of a Fed rate hike this week, while the U.S. Dollar Index rose 0.3% to 99.42. Silver dropped 1.0% to $63.88 and platinum edged up 0.2% to $1,802.94; gold futures were down 0.8% to $4,371.65, extending a third straight weekly decline after last week’s 1.8% slide.

Near term, the article frames gold as a yield-sensitive macro trade: higher rates and a firmer dollar are outweighing inflation-hedge demand, even as Brent crude nears $107/bbl on Middle East tensions. ANZ remains constructive with a 12-month gold target of $5,400/oz and expects three more 25bp hikes by March 2027, while UBS cites diversification demand, central bank buying and India’s seasonal demand as medium-term support.