{
  "id": 3433568,
  "title": "Gold eases from 3-month high as investors await US inflation data",
  "url": "https://urgent.news/2026/08/26/gold-eases-from-3-month-high-as-investors-await-us-inflation-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T00:10:18.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-eases-3-month-high-investors-await-us-inflation-data"
  },
  "original_language": "en",
  "account": "Gold prices slipped from a three-month high on Wednesday (August 26) after reaching their peak the previous day, as investors awaited a critical US inflation report to determine the trajectory of interest rates by the Federal Reserve. Spot gold fell by 0.3 percent to $4,642.74 per ounce by 0410 GMT. The previous day's surge was driven by gains from last week following the US Treasury's bond buyback announcement. USA's gold futures climbed 0.1 percent at $4,700.70. The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index for July, is expected to be released at 1230 GMT. Market focus is also on US Fed Chair Kevin Warsh's speech on Friday at the central bank's Jackson Hole symposium. For gold, the most favorable scenario would involve softer-than-expected inflation and a dovish or balanced message from Warsh, which would support the expectation of lower real yields and diminish the opportunity cost of holding a non-yielding asset, according to Wael Makarem, a financial markets strategist at Exness. A more worrisome development would be a renewed deterioration in confidence regarding US fiscal sustainability, especially considering the recent Treasury buyback plans and their implications. In August, data revealed a surprising decline in US non-farm payrolls and steady consumer inflation, which dampened expectations of a September rate hike. At present, there is a 61.6 percent probability that the US Fed will keep rates unchanged in September, as per the CME FedWatch Tool. Geopolitically, Iran announced the resumption of talks with Oman to manage the Strait of Hormuz, causing a decrease in oil prices. International Monetary Fund managing director, Kristalina Georgieva, expressed relief over the global economy's better-than-expected response to the Iran war energy shock. However, she cautioned about deteriorating fiscal conditions in certain countries. Spot gold could potentially retest resistance at $4,681, a break above which may lead to a gain in the range of $4,707 to $4,743, as per Reuters technical analyst Wang Tao. Silver rose by 0.9 percent to $69.26, platinum increased by 0.4 percent to $1,865.09, and palladium surged 1.3 percent to $1,343.75.",
  "summary": "Prices climbed to their highest since mid-May on Aug 25",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Gold ticks lower, US inflation data in spotlight",
        "url": "https://urgent.news/2026/08/26/gold-ticks-lower-us-inflation-data-in-spotlight",
        "published": "2026-08-26T04:33:00.000Z"
      }
    ]
  },
  "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."
}