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Today's markets analysis on behalf of Tony Sage, CEO of Critical Metals '
(MENAFN- Your Mind Media ) Gold was relatively stable early on Tuesday as a slightly softer dollar and steady U.S. Treasury yields limited the pressure on non-yielding bullion. Traders remain focused on upcoming inflation data that could further shape sentiment, with persistent price pressures likely remaining a near-term risk for the yellow metal.
While gold stabilized to some extent, it could remain exposed to the downside amid Septembe’’s Fed-hike odds, currently around 58.4%. Japanese yields eased, providing some support. On the geopolitical front, tensions in the Middle East remain elevated amid recurrent attacks, keeping inflation concerns elevated and monetary policy tightening expectations supported.
Looking ahead, Thur’day’s PPI and ’riday’s CPI releases will set the tone for the September 15-16 Fed meeting on whether hike bets will rise further. A hawkish reading could lift yields and cap gold upside potential. Softer inflation may lead to a cut in bets on further rate hikes and help the metal rebound. Traders will also watch developments in the Middle East and oil prices, which remain a source of risk.
While gold stabilized to some extent, it could remain exposed to the downside amid Septembe’’s Fed-hike odds, currently around 58.4%. Japanese yields eased, providing some support. On the geopolitical front, tensions in the Middle East remain elevated amid recurrent attacks, keeping inflation concerns elevated and monetary policy tightening expectations supported.
Looking ahead, Thur’day’s PPI and ’riday’s CPI releases will set the tone for the September 15-16 Fed meeting on whether hike bets will rise further. A hawkish reading could lift yields and cap gold upside potential. Softer inflation may lead to a cut in bets on further rate hikes and help the metal rebound. Traders will also watch developments in the Middle East and oil prices, which remain a source of risk.
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