{
  "id": 3617830,
  "title": "Gold retreats from three-month high to near $4,600 after US PCE data",
  "url": "https://urgent.news/2026/08/26/gold-retreats-from-three-month-high-to-near-4-600-after-us-pce-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T23:26:52.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gold-retreats-from-three-month-high-to-near-4-600-after-us-pce-data-202608262326"
  },
  "original_language": "en",
  "account": "Gold price dipped to around $4,610 early Thursday as US inflation data largely matched market expectations, raising the probability of a Federal Reserve interest rate hike next month. The US Bureau of Economic Analysis revealed that the Personal Consumption Expenditures (PCE) Price Index inflation remained steady at 3.7% year-over-year in July, slightly above the anticipated 3.6%. The core PCE Price Index, excluding volatile food and energy prices, remained unchanged at 3.3%, aligned with market forecasts. Both the PCE Price Index and the core PCE Price Index grew by 0.2% monthly in July. Peter Grant, senior metals strategist at Zaner Metals, explained that gold's reaction to the data was mainly profit-taking, as prices consolidated within a narrow range near yesterday's levels. The chance of a 25 basis point (bps) rate hike from the Federal Reserve in September now stands at nearly 38%, up from 36% before the data, according to the CME FedWatch tool. Analysts at Rabobank noted that \"Gold is not showing signs of capitulation,\" despite US long-dated Treasuries rallying, emphasizing gold's resilience amid shifting sentiment. Technical analysis suggests a bullish near-term bias for gold, with price above the 100-day simple moving average and the 20-day Bollinger middle band. Immediate resistance lies at $4,745, while support is found near the rising 100-day SMA at $4,380 and the Bollinger middle band at $4,365, creating a substantial demand zone. Throughout history, gold has been a valuable store of wealth and medium of exchange, commonly viewed as a safe-haven asset and hedge against inflation and currency depreciation. Central banks hold the largest gold reserves, often purchasing it to bolster their currencies during uncertain times. In 2022 alone, central banks added 1,136 tonnes of gold, worth approximately $70 billion, making it the highest yearly purchase since records began. Gold exhibits an inverse relationship with the US Dollar and US Treasuries, typically rising when the dollar depreciates and falling with stronger dollar values. Geopolitical tensions, economic fears, and changes in interest rates can significantly impact gold prices, as the asset is priced in US dollars (XAU/USD).",
  "summary": "Gold price (XAU/USD) falls to near $4,610 during the early Asian session on Thursday. The precious metal retreats from a three-month high as US inflation data came largely in line with expectations, increasing expectations of a Federal Reserve (Fed) interest-rate hike next month.",
  "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."
}