{
  "id": 14446638,
  "title": "Gold slides for third consecutive day as US inflation data take centre stage",
  "url": "https://urgent.news/2026/10/14/gold-slides-for-third-consecutive-day-as-us-inflation-data-take",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T10:56:10.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-slides-for-third-consecutive-day-as-us-inflation-data-take-centre-stage-202610141056"
  },
  "original_language": "en",
  "account": "Gold prices slipped for a third consecutive day on Wednesday, as market participants remain cautious ahead of the release of the US Consumer Price Index (CPI) data at 12:30 GMT. Meanwhile, the US Dollar steadied following Tuesday's pullback. At the time of writing, XAU/USD was trading around $4,142, marking a 0.45% decline for the day. The US Dollar Index (DXY) stood at 102.25, having touched an intraday low of 102.08.\n\nMarket expectations indicate that US inflation may accelerate, with headline CPI expected to rise 0.6% in September after a 0.4% increase in August. Annual inflation is forecast to climb to 3.6% from 3.4%, while core CPI, excluding food and energy, is predicted to ease to 0.2% month-over-month (MoM) from 0.3%, with the annual rate expected to increase to 2.5% from 2.4%.\n\nThe report could influence expectations for the Federal Reserve's (Fed) next move. According to the CME FedWatch Tool, there is a 78% probability that the central bank will maintain interest rates unchanged during its October 27-28 meeting, with a 90% chance of a rate hike in December. ING strategists anticipate today's US inflation data to be slightly better than the market's expectations, projecting that \"MoM US CPI will be 0.1 percentage points higher than consensus in both headline and core.\" They believe that such a print \"shouldn't be enough for markets to price in 50%+ chances of an October Fed hike,\" but it could \"reinforce expectations of further tightening down the road and, by extension, the Dollar's floor.\"\n\nHigher energy prices, driven by geopolitical tensions in the Middle East, continue to contribute to inflation. The possibility of additional rate hikes in 2026 remains on the table, with New York Fed President John Williams stating that it \"may be appropriate\" to have one more rate hike in 2026. However, he currently sees no immediate need for further hikes in 2027, and expects inflation to move towards the central bank's 2% target next year. The near-term direction of gold now hinges on the US inflation report. A softer-than-expected reading could provide some relief, but the prospect of another Fed rate hike may limit gains, as higher interest rates increase the opportunity cost of holding non-yielding assets like gold.",
  "summary": "Gold (XAU/USD) drifts lower on Wednesday, extending losses for a third consecutive day as buyers remain on the sidelines ahead of the US Consumer Price Index (CPI) report due at 12:30 GMT. Meanwhile, the US Dollar (USD) also steadies following Tuesday’s pullback.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}