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As on : 11-Sep-2025
Other Markets - Bullion Markets
11-Sep-2025     14:55

Gold dips after record high as traders eye US inflation

Gold prices edged lower to around $3660 per ounce in Asia electronic trades on Thursday, taking a breather after hitting an all-time high of $3715 earlier this week. The metal remained supported by growing expectations of US rate cuts and escalating geopolitical tensions. August's US producer prices fell unexpectedly by 0.1%, reinforcing speculation of Fed easing amid signs of a soft labor market, boosting gold's safe-haven demand. However, strength in the dollar index, steady near 97.57, pressured gold and other dollar-denominated assets. MCX October gold futures dipped 0.35% to Rs 108603 per 10 grams. Investors now await the US consumer price report for clearer direction, while geopolitical risks continue to enhance gold's appeal as a shelter in uncertain times.

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