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FUNDAMENTALS Spot gold held nearly steady at $4,396.69 per ounce, as of 0015 GMT. U.S. gold futures for December delivery were down 0.4% at $4,440.80. The U.S. producer price index data is due at 1230 GMT, and consumer inflation figures are due on Friday. The Federal Reserve will hold its interest rate steady at its September 15-16 meeting and for the rest of this year, again defying market expectations for a series of hikes, according to a majority of economists in a Reuters poll. The CME FedWatch Tool shows markets are assigning a 60% probability of a U.S. rate increase this month. Higher rates generally make non-yielding assets less attractive to investors. The European Central Bank looks set to raise interest rates on Thursday for the second time this year, seeking to head off an energy-driven surge in inflation triggered by the Iran war. Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest wave of attacks on shipping by both sides since the start of the six-month-old war. Among other metals, spot silver was flat at $67.30 per ounce, platinum rose 0.1% at $1,897.57 and palladium gained 0.2% to $1,355.44. The global platinum market will swing to a surplus for the first time since 2022 this year due to weaker investment and jewellery demand, the World Platinum Investment Council said. DATA/EVENTS (GMT) 0600 Germany HICP Final YY Aug 0800 China Total Social Financing Aug 0800 China M2 Money Supply YY Aug 0800 China New Yuan Loans Aug 1215 EU ECB Refinancing, Deposit Rate Sep 1230 US Initial Jobless Clm 5 Sep, w/e 1230 US PPI Machine Manuf'ing Aug 1400 US Existing Home Sales Aug (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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