Business
Gold steadies near one-week high as investors await US inflation data
October 13, 2026 at 09:59 AM · Updated 3d ago
Coverage
3 reports · over 6 hours
Gold prices fluctuated in Tuesday trading as investors awaited US inflation data for signals on Federal Reserve interest-rate policy.
- Gold fell 0.2% in early Tuesday trading before recovering to $4,188.27 an ounce by 06:24 GMT, following Monday's one-week high.
- US September consumer price data is due Wednesday, followed by producer price figures Thursday.
- Kyle Rodda of Capital.com said the consumer price report would be decisive for gold's short-term direction.
- CME FedWatch data showed traders pricing a 19% probability of a US rate hike in October and 85% by December.
- Spot gold gained 0.4% to $4,188 an ounce in Tuesday trading, supported by a decline in oil prices.
- US gold futures rose 0.5% to $4,212.50 as geopolitical tensions from a Houthi attack on Riyadh airport weighed on markets.