Gold slips as markets assess Fed signals, await US inflation data - CNBC

AI desk brief

Gold fell 1.1% to $4,022.19/oz as sticky inflation keeps a December Fed hike in play, with traders pricing about an 80% chance of a move and markets now focused on the US PCE inflation print due at 1230 GMT. December gold futures eased 0.4% to $4,035/oz, and bullion is on track for a second straight monthly decline.

The setup is bearish near term if PCE surprises higher: Bybit’s Han Tan warned gold could slip back below $4,000 if the data reinforces expectations for tighter policy. The article also flagged geopolitical risk as a possible offset, but higher rates and a firmer real-yield backdrop remain the dominant pressure point for bullion.