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Gold prices rise as softer U.S. inflation data ease Fed rate hike fears, while silver dips slightly.

Market News
30 Sep 2026
Kitco
View Source
Neutral
Gold prices rise as softer U.S. inflation data ease Fed rate hike fears, while silver dips slightly.

Gold prices rose by 0.73% to about $4,211.70 an ounce following softer-than-expected U.S. inflation data, which reduced immediate concerns about aggressive Federal Reserve rate hikes. Meanwhile, silver prices fell modestly by 0.45% to around $61.07 an ounce. The August PCE inflation report showed cooling inflation with headline PCE up 0.3% monthly and 3.4% annually, supporting gold through lower rate expectations. However, resilient consumer spending and stronger private payrolls limited gold's gains. Elevated Treasury yields near 5.2% and a firm U.S. dollar also contained the metals' rebound. Oil prices remain high but below recent peaks, balancing inflation pressures. Market focus now shifts to upcoming U.S. nonfarm payrolls data as the next key test for Fed policy direction.

Gold price movements are noted here with Pluang's market snapshot for context. Of 150 priced US stocks tradable on Pluang, 120 rose and 25 fell today. Boeing Co (BA) rose 2.54% to USD 192.44 with a typical hold time of 83 days and order activity showing 62% Buy. Coinbase Global, Inc. (COIN) increased 2.52% to USD 194.80 with 78 days typical hold time and 61% Buy order activity. GameStop Corp. (GME) fell 2.40% to USD 24.33 with a typical hold time of 61 days and 100% Sell order activity. Data as of Sep 30, 2026 19:52 WIB.

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