Gold falls as rising energy prices overshadow softer U.S. inflation data (XAUUSD:CUR:Commodity)
7 Articles
7 Articles
The price of gold started the day at $4,162 per ounce and 6,548 TL per gram as of 06:00 Turkish time. While the price per ounce continues to struggle to stabilize in the $4,100-$4,200 range, the PCE inflation data released in the US came in below expectations. Following this data, expectations for a Fed interest rate cut at the October meeting have fallen to the 38% range. This development offers hope for gold; however, high oil prices and US bo…
Pressure on the gold market stems from the rise in crude oil prices amid stalled negotiations between the US and Iran to end the conflict. Gold prices fell sharply, USD and interest rates also cooled down. Gold prices rebounded, SJC brand trading at 143.5 million VND. Gold prices on September 30th: Price list at domestic gold, silver and gemstone companies.
Global gold prices fell on Wednesday (30/9/2026), pressured by rising energy prices, which offset support from United States (US) inflation data.
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