{
  "id": 10865399,
  "title": "Gold set to register monthly decline as investors brace for US inflation data",
  "url": "https://urgent.news/2026/09/30/gold-set-to-register-monthly-decline-as-investors-brace-for-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T04:49:58.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-set-to-register-monthly-decline-as-investors-brace-for-us-inflation-data/article71526677.ece"
  },
  "original_language": "en",
  "account": "Gold prices faltered on Wednesday, poised for a monthly decline as investors anticipated higher interest rates, while they awaited crucial US inflation data. As of 0150 GMT, spot gold was down 0.2% at $4,170.63 per ounce, with losses exceeding 6% this month. The US dollar was also set for a monthly gain, making greenback-denominated metals pricier for foreign holders. The US Personal Consumption Expenditures (PCE) price index, a key indicator, was scheduled for release at 1230 GMT. Tony Sage, CEO of Critical Metals, noted that the PCE data could significantly impact gold's outlook, potentially influencing expectations for US monetary policy and the direction of Treasury yields and the dollar. A lower-than-expected reading might bolster gold, potentially pushing it back into the $4,200-4,300 range, while a higher-than-anticipated figure could spur yields and the dollar, exerting fresh pressure on gold and testing the $4,100 level. Higher interest rates generally diminish gold's allure since the precious metal does not yield income. According to CME's FedWatch Tool, traders estimate a 47% probability of a Federal Reserve rate hike in October and a 91% chance in December, following a 25 basis point rate increase this month. New York Fed President John Williams suggested that Fed policymakers may require only one more hike this year to bring inflation in line with their 2% target. Geopolitically, Qatar expressed optimism that ongoing shuttle diplomacy between Tehran and Washington might yield a breakthrough, despite US President Donald Trump rejecting reports of easing sanctions and releasing frozen Iranian funds in exchange for nuclear concessions. Spot silver declined 0.8% to $60.98, platinum remained steady at $1,705.10, and palladium slipped 0.3% to $1,219.60, all with monthly decline prospects.",
  "summary": "Spot gold is down over 6% so far this month",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold on track for monthly decline as investors brace for US inflation data",
        "url": "https://urgent.news/2026/09/30/gold-on-track-for-monthly-decline-as-investors-brace-for-us-inflation-10873779",
        "published": "2026-09-30T01:09:27.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "India Gold price today: Gold steadies, according to FXStreet data",
        "url": "https://urgent.news/2026/09/30/india-gold-price-today-gold-steadies-according-to-fxstreet-data",
        "published": "2026-09-30T04:40:51.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Gold prices set for monthly decline as investors await US inflation data",
        "url": "https://urgent.news/2026/09/30/gold-prices-set-for-monthly-decline-as-investors-await-us-inflation",
        "published": "2026-09-30T05:22:18.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Gold on track for monthly decline as investors brace for US inflation data",
        "url": "https://urgent.news/2026/09/30/gold-on-track-for-monthly-decline-as-investors-brace-for-us-inflation",
        "published": "2026-09-30T05:40:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}