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      Gold Prices Steady Near $4,400 Ahead of Key US Inflation Data

      Gold prices remained stable near $4,400 per ounce during early Asian trading hours on September 10, 2026, as investors awaited crucial inflation data that could influence the direction of US interest rates. Market participants are exercising caution, refraining from making significant moves until the release of the US producer price index, scheduled for 1230 GMT, followed by consumer inflation figures on Friday.

      A Reuters poll indicates that a majority of economists expect the Federal Reserve to maintain interest rates at its upcoming meeting on September 15-16 and for the remainder of the year. This outlook contrasts with the CME FedWatch Tool, which currently assigns a 60% probability to a rate hike this month, highlighting a divergence in expectations among market participants.

      Additionally, the European Central Bank is anticipated to raise rates for the second time this year in response to inflation pressures linked to the ongoing conflict in Iran. While the US-Iran situation continues to escalate, its impact on gold prices has been relatively muted this year compared to other factors such as central bank purchases and shifts in dollar strength. As the market digests these developments, today's inflation data may provide clearer guidance on future monetary policy.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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