Investment
Features
FeesSafety
Academy
More
Pluang+

Gold prices drop over 1% as US inflation data fuels rate hike fears

Market News
14 Oct 2026
Kitco
View Source
Bearish
Gold prices drop over 1% as US inflation data fuels rate hike fears

Gold prices fell more than 1% after US inflation data showed a 0.6% rise in the Consumer Price Index last month, higher than expected core inflation, and a 3.7% annual headline inflation increase. This data strengthens expectations that the Federal Reserve will raise interest rates by year-end, making gold less attractive as it yields no interest. Rising energy costs embedded in the economy may also keep rates higher for longer, adding pressure on gold prices. Investors are watching closely as gold tests a critical support level amid these inflation concerns.

Gold price movements amid rising U.S. inflation data provide context for market activity on Pluang. For readers following this, here is Pluang's market snapshot as of Oct 14, 2026 18:43 WIB: Of 150 priced US stocks tradable on Pluang, 96 rose and 50 fell today. Notable movers include BLK (Blackrock Inc) at USD 1,107.00 with a 1-day change of +3.83% and Pluang order activity showing 96% Sell / 4% Buy, SPCE (Virgin Galactic Holdings, Inc.) at USD 2.70 with +2.66% and 0% Sell / 100% Buy, and ASX (ASE Technology Holding Co Ltd) at USD 46.63 with -2.04% and 94% Sell / 6% Buy.

More News

Genesis Global wins Best AI Solution for Software Development at 2026 AI in Capital Markets Awards

Genesis Global wins Best AI Solution for Software Development at 2026 AI in Capital Markets Awards

Genesis Global won the Best AI Solution for Software Development award at the 2026 AI in Capital Markets Awards for its product Genesis Create. This software combines AI with reusable components and financial expertise to help firms develop productio...

Others
Bullish
1 hour ago
nuVizz named Accelerator in 2026 Nucleus Research TMS Value Matrix for last-mile delivery tech

nuVizz named Accelerator in 2026 Nucleus Research TMS Value Matrix for last-mile delivery tech

nuVizz has been recognized as an Accelerator in the 2026 Nucleus Research Transportation Management Value Matrix for its specialized last-mile delivery technology. The platform excels in coordinating complex delivery networks involving private fleets...

Market News
Bullish
1 hour ago
ASML reports strong Q3 2026 EPS of $14.65 on high chip equipment demand despite slight revenue miss.

ASML reports strong Q3 2026 EPS of $14.65 on high chip equipment demand despite slight revenue miss.

ASML Holding posted a strong Q3 2026 earnings per share of $14.65, beating estimates of $12.17, driven by a 55% year-over-year sales growth and a 57.5% gross margin. Although revenue was slightly below expectations at $13.05 billion, the company bene...

Company Fundamentals
Bullish
2 hours ago
Charles Schwab Q3 earnings expected to rise on strong trading and asset management revenue.

Charles Schwab Q3 earnings expected to rise on strong trading and asset management revenue.

Charles Schwab is set to report its Q3 2026 earnings with an estimated EPS of $1.66 and revenue around $7.18-$7.19 billion, reflecting significant growth driven by an 18.2% increase in trading revenue, net interest income, and asset management fees. ...

Company Fundamentals
Bullish
2 hours ago
TSOs prioritize software investments to boost grid security and capacity amid rising demand

TSOs prioritize software investments to boost grid security and capacity amid rising demand

Transmission System Operators (TSOs) are increasingly investing in software like Energy Management Systems and grid planning tools to modernize aging infrastructure, enhance cybersecurity, and expand grid capacity. Cybersecurity remains their top con...

Market News
Neutral
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App