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World · 8 September 2026

Gold prices climb as the US dollar drops ahead of inflation data

Gold prices climb as the US dollar drops ahead of inflation data

PHGCOM via Wikimedia Commons (CC-BY-SA-3.0)

Spot gold rose 0.6% on Tuesday, with traders watching upcoming US inflation figures due later this week. The US dollar index fell 0.4%, making dollar-priced metals cheaper for international buyers. Traders currently believe there's a 60% chance of a US interest rate hike next week.

Reported by cnbc.com · How we write briefs

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