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FUNDAMENTALS Spot gold was down 0.3% at $4,285.91 per ounce, as of 0015 GMT, after hitting its lowest in more than a month in the previous session. U.S. gold futures for December delivery were down 0.6% at $4,326.90. The U.S. central bank will announce its policy decision at 2 p.m. EDT (1800 GMT) on Wednesday following the end of a two-day meeting. Financial markets are betting heavily that Fed policymakers will lift their benchmark rate a quarter of a percentage point to a 3.75%-4.00% range and signal further tightening ahead. Data on Friday showed U.S. consumer prices accelerated in August, while a key measure of underlying inflation posted its largest increase in four months. Yemen's Iran-aligned Houthis launched a new attack on Saudi Arabia on Monday and Gulf Arab states postponed planned talks with Iran, raising concerns the Middle East conflict could spread further and threaten global oil supplies. Oil prices extended gains. Higher energy costs can fuel inflationary pressures across the economy. Though seen as a hedge against inflation and geopolitical risks, gold often loses appeal when rates increase as they raise the opportunity cost of holding non-yielding bullion. Benchmark 10-year Treasury yields hit the key psychological level of 5% on Monday for the first time since October 2023. The milestone is a threshold that analysts say could ripple through the U.S. economy and threaten the bull market in stocks by denting the relative appeal of U.S. equities. Spot silver fell 0.4% to $62.99, platinum lost 0.4% at $1,752.85 and palladium ticked 1% lower to $1,279.75. DATA/EVENTS (GMT) 0200 China Urban Investment (YTD) YY Aug 0200 China Retail Sales YY Aug 0200 China Unemp Rate Urban Area Aug 0430 Japan Tertiary Ind Act NSA Jul 0600 UK Claimant Count Unem ChngAug 0600 UK ILO Unemployment Rate Jul 0600 UK HMRC Payrolls Change Aug 0645 France CPI (EU Norm) Final MM, YY Aug 0645 France CPI YY, MM NSA Aug 0900 EU Total Trade Balance SA Jul 0900 Germany ZEW Economic Sentiment Sep 0900 Germany ZEW Current Conditions Sep 1000 EU Reserve Assets Total 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
document fetched 2026-09-15 02:52