Gold Surges as US Inflation Below Estimates, Dollar Weakens
Gold price surged about 1.50% on Tuesday after US consumer inflation data came in below estimates, easing pressure on the Federal Reserve to tighten further. XAU/USD trades at $4,050.
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Gold rallied sharply on Tuesday, gaining approximately 1.50% as the US Dollar lost ground following weaker-than-expected consumer inflation data. The softer CPI print reduced expectations for additional Federal Reserve tightening ahead of 2026, providing a tailwind for the precious metal.
XAU/USD was last quoted at $4,050, recovering from earlier daily lows. The move underscores gold's sensitivity to real yields and Fed policy expectations, with the dollar index retreating on the inflation miss.
Source: FXStreet Forex News