Gold price sinks as hot CPI, Oil surge crush Fed cut bets
Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773.
Gold (XAU/USD) price falls more than 1% on Tuesday as US inflation came in hotter than expected, prompting investors to price out Federal Reserve (Fed) rate cuts in 2026. The XAU/USD pair trades at $4,678 after reaching a daily high of $4,773.
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