Shafaq News..Gold rises as markets await US inflation data - شفق نيوز

AI desk brief

Gold firmed ahead of US CPI/PPI, with spot up 0.4% to $4,188.27/oz and December Comex futures up 0.5% to $4,212.50/oz after touching a one-week high. The market is focused on whether hotter inflation data could lift October rate-hike odds and pressure bullion; CME FedWatch still shows only a 19% chance of an October hike but an 85% chance for December.

The setup is being shaped by softer oil prices and renewed Middle East tension, which have kept inflation concerns alive even as higher rates remain a headwind for non-yielding metals. Silver rose 0.2% to $60.46/oz, platinum gained 0.5% to $1,694.65/oz, and palladium slipped 0.2% to $1,141.23/oz.