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Market move▲ Bullish for Indian equities
Gold price today: Why is gold rising after cooler US inflation data?
The brief
- Gold rose after cooler US inflation data weakened the dollar
- The data lowered expectations for an October Fed rate hike
- Higher gold prices can support Indian gold-loan lenders, but raise costs for jewellery buyers
- US core PCE inflation undershoots estimates as Q2 GDP growth is revised to 2.2%
- US PCE inflation rises 0.3% in August as consumer spending surges
- Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expected
- Dollar Powers to Best Month Since June on Fed’s Inflation Fight
- Fed's Williams sees a possible rate hike later in 2026, with no rush to act