Gold price sinks as hot CPI, Oil surge crush Fed cut bets
Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773.
Gold prices are likely to continue declining as inflation concerns persist and rate cut expectations diminish. Investors may shift focus to oil, which could see upward momentum due to rising prices.
Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773.
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