{
  "id": 19259271,
  "title": "Gold dips ahead of US inflation data",
  "url": "https://urgent.news/2026/11/10/gold-dips-ahead-of-us-inflation-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T00:55:37.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/economy/2026/11/1574355/gold-dips-ahead-us-inflation-data"
  },
  "original_language": "en",
  "account": "Gold prices declined in early Asian trade on Tuesday as investors awaited US inflation data for insights into the Federal Reserve's next policy move. Spot gold slipped 0.30% to US$4,128.48 per ounce after rising over a percent the previous day due to lower oil prices. US gold futures for December delivery climbed 0.60% to US$4,137.60.\n\nPresident Donald Trump announced on Monday he would hold off on new military strikes against Iran for now, following appeals from regional countries, including Qatar's prime minister during White House talks. Brent crude futures continued to drop after settlement on Monday, falling more than US$7 a barrel to their lowest level since late August. Federal Reserve President Tom Barkin advised the central bank to proceed cautiously when addressing inflation, which poses the greatest risk, without specifying a strategy for the December meeting.\n\nTraders currently estimate an 84% probability of a Fed rate hike in December, according to CME's FedWatch tool. Higher interest rates make non-yielding bullion less attractive, reducing its appeal to investors. The consumer price index report is scheduled for 1330 GMT later in the day, followed by producer price index data on Friday. Meanwhile, some Bank of Japan policymakers proposed accelerating rate hikes as underlying inflation hit the central bank's 2% target, as per a summary of opinions at its October meeting.\n\nSilver prices fell 0.30% to US$53.25 per ounce, platinum dipped 0.30% to US$1,572.28, and palladium declined 0.90% to US$1,032.21.",
  "summary": "NEW YORK: Gold prices edged lower in early Asian trade on Tuesday as investors awaited US inflation data later in the day for clues on the Federal Reserve's next policy move.",
  "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."
}