Business · 3 days ago

Gold prices fall as US inflation report raises rate hike worries

Gold is losing ground after a US inflation report, the PCE Price Index, came in higher than expected for July. Traders are worried that the Federal Reserve might raise interest rates again soon. Higher Treasury yields and a stronger US dollar are also adding pressure on gold, which pays no interest.

By BriefTea Editorial · 27 August 2026 at 6:07

Reported by FXEmpire · How we write briefs

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