Gold Settles Lower Awaiting This Week's Inflation Data -- Market Talk

1426 ET - Gold futures settle lower as the market watches an escalation in the Middle East conflict while looking to this week's U.S. inflation data for clues on the Fed's possible interest-rate moves. "The Fed is going to matter, but we saw a pretty good dollar rally from the middle of May to late June, and we've seen the dollar come off a fair amount since then," says David Grumhaus, chief investment officer at Duff & Phelps Investment Management. "That has helped with gold this time around." An uptick in ETF flows into gold has also supported the metal, he adds. Front-month gold settles down 0.8% in New York at $4,393.90 a troy ounce. Silver rises 0.4% to $66.297 a troy ounce. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

September 08, 2026 14:26 ET (18:26 GMT)