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Gold Touches $4,400 as Traders Turn Focus to US Inflation Data

Bloomberg Markets Monday 10 August 2026, 23:33 UTC By Robin Paxton 1 min read
Key Points

Gold Touches $4,400 as Traders Turn Focus to US Inflation Data Gold advanced through $4,400 an ounce ahead of a key US inflation report that could provide fresh clues to the Federal Reserve’s appetite for an interest-rate hike. Bullion edged higher in early trading, after adding 3.6% over the previous two sessions. Technical buying was spurred by the metal’s ascent through the 100-day moving average on Monday, another sign of recovery after the emergence of dip-buyers and greater inflows...

Gold Touches $4,400 as Traders Turn Focus to US Inflation Data Gold advanced through $4,400 an ounce ahead of a key US inflation report that could provide fresh clues to the Federal Reserve’s appetite for an interest-rate hike. Bullion edged higher in early trading, after adding 3.6% over the previous two sessions. Technical buying was spurred by the metal’s ascent through the 100-day moving average on Monday, another sign of recovery after the emergence of dip-buyers and greater inflows from gold-backed exchange-traded funds in China.
US (LOCATION) the Federal Reserve’s (ORG) China (LOCATION)
Originally published by Bloomberg Markets Read original →

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