Gold price today: Why gold is near $4,400 ahead of US inflation data | Hindustan Times - Hindustan Times

AI desk brief

Gold is hovering near $4,400 ahead of US inflation data, with spot up 0.4% at $4,418.87/oz and futures at $4,461.82/oz as a softer dollar offsets pressure from still-elevated Treasury yields. The DXY slipped to 98.74, while 10-year Treasury yields rose after a plan to buy up to $6 billion of longer-dated debt, keeping the market focused on how the inflation print could reshape Fed rate expectations.

Brent’s move to $100/bbl is also adding to inflation चिंता and supporting the defensive bid for gold, but the near-term setup remains mixed because higher yields raise the metal’s opportunity cost.