Gold prices may fall by more than 6% in September, with the market focusing on US inflation data

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智通财经2026/09/30 03:06

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On Wednesday, gold prices remained mostly steady but were weighed down by expectations of interest rate hikes. Spot gold is currently trading near $4,173.5 per ounce, having fallen by about 6% so far this month, with the monthly line expected to close lower. Investors are awaiting US inflation data to gauge the Federal Reserve's policy direction.
The Personal Consumption Expenditures (PCE) Price Index will be released at 20:30 on Wednesday, while the non-farm payrolls report is scheduled for Friday. These data points could provide clues about the Federal Reserve's next move.
New York Federal Reserve President Williams stated that the Federal Reserve still has time to weigh economic data before deciding when to raise interest rates again, and noted that there could be another hike before the end of this year. CME's FedWatch tool shows traders expect a 50% chance of a Fed rate hike in October and a 92% chance in December.
US consumer confidence for September plunged to its lowest level in nearly twelve and a half years. Amid ongoing Middle East conflict and rising interest rates, households expect business and labor market conditions to worsen over the next six months.
Qatar stated it hopes its shuttle diplomacy between Iran and the US can achieve a breakthrough. However, US President Trump denied media reports claiming he was willing to ease sanctions and unfreeze funds in exchange for Iran making concessions on its nuclear program.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gold prices may fall by more than 6% in September, with the market focusing on US inflation data

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