- September 10, 2026
- Posted by: Tresmark
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Gold prices moved higher on Thursday as the US dollar remained weak, while investors awaited key US inflation data that could influence expectations for the Federal Reserve’s interest-rate policy.
Spot gold rose 0.3% to $4,412.84 per ounce by 0234 GMT. However, US gold futures for December delivery declined 0.1% to $4,457.10 per ounce.
The weaker dollar made gold and other dollar-denominated metals more affordable for investors holding other currencies, providing support to prices.
Markets are closely watching upcoming US producer and consumer inflation data, which could provide further clues about the Fed’s rate outlook. Higher interest rates typically reduce the appeal of gold because the metal does not generate interest income.
Gold is also benefiting from concerns over US fiscal pressures and the long-term value of government debt and the dollar. US government debt recently crossed the $40 trillion mark.
Meanwhile, renewed tensions around the Strait of Hormuz are adding to broader market uncertainty after Iran reported attacks on 10 ships, following US strikes on five Iranian oil tankers.
Among other precious metals, silver rose 0.2% to $67.42 an ounce, while platinum fell 0.6% to $1,885.02 and palladium gained 0.2% to $1,355.50.
