Gold Settles Lower Awaiting This Week's Inflation Data -- Market Talk
Dow Jones2026/09/08 18:261426 ET - Gold futures settle lower as the market watches an escalation in the Middle East conflict while looking to this week's U.S. inflation data for clues on the Fed's possible interest-rate moves. "The Fed is going to matter, but we saw a pretty good dollar rally from the middle of May to late June, and we've seen the dollar come off a fair amount since then," says David Grumhaus, chief investment officer at Duff & Phelps Investment Management. "That has helped with gold this time around." An uptick in ETF flows into gold has also supported the metal, he adds. Front-month gold settles down 0.8% in New York at $4,393.90 a troy ounce. Silver rises 0.4% to $66.297 a troy ounce. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
September 08, 2026 14:26 ET (18:26 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
United States: Core inflation stays contained as goods soften – TD Securities
New York gold futures fall below $4,410 per ounce, dropping 1.51% intraday
New York Mercantile Exchange gold futures fell below $4,410, down 1.51% on the day.
Spot gold fell by 1.02%, trading at $4,361.22 per ounce.
Crypto prices
More
