Gold Price Slides on Hot Inflation, but Schiff Says It’s a Gift - Yahoo Finance

AI desk brief

Gold slipped about 0.6% this week and is down more than 2% over the past month as hotter US inflation data revived expectations for further Fed tightening. September CPI rose 3.7% y/y versus 3.6% expected, PPI jumped 6.3% y/y, and import prices increased 1.1% m/m-equivalent versus 0.8% consensus, prompting selling in the metal despite Peter Schiff framing the pullback as a buying opportunity at $4,145.

CME FedWatch is pricing a 90% chance of a December hike, while Capital Economics expects gold to drift lower into year-end and Bank of America sees it below $4,000. The piece argues the key risk for gold is that persistent inflation keeps the Fed on a tightening path, reinforcing higher real-rate pressure on precious metals; a shift toward doubting the Fed’s inflation fight would be the bullish catalyst Schiff is betting on.