{
  "id": 7242449,
  "title": "Gold steady as hot US inflation bolsters chance of rate hike",
  "url": "https://urgent.news/2026/09/14/gold-steady-as-hot-us-inflation-bolsters-chance-of-rate-hike-7242449",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T01:35:53.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-steady-hot-us-inflation-bolsters-chance-rate-hike"
  },
  "original_language": "en",
  "account": "Gold steadied on Friday, after falling for the third consecutive week, as unexpectedly high US inflation raised the likelihood of the Federal Reserve raising interest rates later in the week. The metal was trading close to $4,350 per ounce. Inflation data revealed the core consumer price index rose 0.3% in August, excluding food and energy. Gold closed the session higher, but was still down 1.8% for the week. The stronger-than-expected inflation data puts pressure on the Fed to make its first rate increase in three years. Traders now price in an almost 90% chance of a hike. Higher borrowing costs typically hurt gold, which does not generate interest. Most investors now expect a rate hike, but gold could still face additional challenges if it does occur, according to Yuxuan Tang, Asia head of rates & FX strategy at JPMorgan Private Bank. Meanwhile, Middle East conflicts continue to drive up oil prices, adding to inflationary pressures. Brent crude jumped to near $107 a barrel, up almost 9% over the previous week. Iran and several Gulf nations were set to meet on Monday to establish a temporary shipping lane through the Strait of Hormuz, but that meeting was postponed. Gold has mostly hovered around $4,400 per ounce since rebounding from a low near $4,000 in early August, as traders continuously reassess Fed policy prospects. Despite these near-term hurdles, many investors still believe gold will rise over time as a hedge in a portfolio, JPMorgan's Tang added. Spot gold held steady at $4,348.87 per ounce at 10:17 am Singapore time. Silver dipped 0.5% to $64.19 per ounce. Platinum and palladium were virtually unchanged. The Bloomberg Dollar Spot Index, gauging the US currency, rose 0.1%.",
  "summary": "Latest inflation print piles pressure on the Fed to make its first rate increase in three years",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/7242449.png",
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Gold Edges Lower as Hot US Inflation Bolsters Fed Rate-Hike Bets",
        "url": "https://urgent.news/2026/09/14/gold-edges-lower-as-hot-us-inflation-bolsters-fed-rate-hike-bets",
        "published": "2026-09-14T00:33:00.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Gold edges lower as hot US inflation bolsters Fed rate hike bets",
        "url": "https://urgent.news/2026/09/14/gold-edges-lower-as-hot-us-inflation-bolsters-fed-rate-hike-bets-7221792",
        "published": "2026-09-14T01:35:53.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Gold steady as hot US inflation bolsters chance of rate hike",
        "url": "https://urgent.news/2026/09/14/gold-steady-as-hot-us-inflation-bolsters-chance-of-rate-hike",
        "published": "2026-09-14T03:21:24.000Z"
      }
    ]
  },
  "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."
}