Hot Inflation Hits Gold, but Safe-Haven Buyers Fight Back - Yahoo Finance

AI desk brief

Gold recovered to around $4,175/oz by Friday morning after a weekly low near $4,080, leaving it slightly below the week’s opening levels. Hotter-than-expected September CPI and PPI initially दबressed gold on renewed rate-hike concerns, but the metal then rebounded as inflation worries hit stocks and the US Dollar Index softened, with traders stepping back into safe-haven positions.

The piece argues that elevated inflation has reasserted gold’s safe-haven appeal, even as higher-rate expectations remain a headwind for non-yielding assets. Next week’s lighter macro calendar and the following week’s FOMC decision are the key catalysts to watch for whether the risk-off bid persists.