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Gold prices fell below key levels in Asian trading on Wednesday, as investors turned cautious ahead of a closely watched Federal Reserve decision and rising concerns over inflation.<\/p>\n\n\n\n
After briefly reclaiming the $5,000 per ounce<\/strong> level, bullion reversed course as ongoing tensions in the U.S.-Israel conflict with Iran<\/strong> heightened uncertainty around the inflation outlook.<\/p>\n\n\n\n By 01:18 ET (05:18 GMT)<\/strong>, spot gold declined 0.4% to $4,987.09<\/strong>, while gold futures also dropped 0.4% to $4,990.44 per ounce<\/strong>.<\/p>\n\n\n\n The weakness extended across the metals complex, with spot silver falling 0.3% to $79.0345 per ounce<\/strong>, and platinum slipping 0.6% to $2,116.40 per ounce<\/strong>.<\/p>\n\n\n\n Despite escalating tensions in the Middle East, gold struggled to attract sustained safe-haven demand. The metal remained under pressure as investors focused more on the inflationary impact<\/strong> of the conflict rather than geopolitical risk alone.<\/p>\n\n\n\n The war showed little sign of easing, following reports that an Israeli airstrike killed senior Iranian security figure Ali Larijani<\/strong> earlier this week. At the same time, oil prices held above $100 per barrel<\/strong>, driven by concerns over disrupted supply flows.<\/p>\n\n\n\n A key source of tension remains the Strait of Hormuz<\/strong>, a vital shipping route through which a significant portion of global oil supply passes. Disruptions in the waterway have pushed energy prices higher, raising fears of a broader inflation shock.<\/p>\n\n\n\n Markets are increasingly worried that elevated energy prices will translate into persistent inflation, potentially prompting central banks to adopt a more hawkish stance<\/strong>.<\/p>\n\n\n\n This shift has already begun to take shape, with the Reserve Bank of Australia<\/strong> raising interest rates earlier this week and warning of inflation risks tied to the conflict.<\/p>\n\n\n\n Higher interest rates tend to weigh on gold, as they increase the opportunity cost of holding non-yielding assets like bullion.<\/p>\n\n\n\n Attention is now firmly on the Federal Reserve<\/strong>, which is set to announce its latest policy decision later on Wednesday. The central bank is widely expected to hold interest rates steady<\/strong>, but investors will closely watch for signals on future policy direction.<\/p>\n\n\n\n A series of major central bank meetings will follow, including decisions from the Bank of Japan<\/strong>, European Central Bank<\/strong>, Swiss National Bank<\/strong>, and Bank of England<\/strong>.<\/p>\n\n\n\n Market expectations have shifted notably, with traders now pushing back the timing of potential Fed rate cuts to at least September<\/strong>, according to CME FedWatch data.<\/p>\n\n\n\n While gold remains up on the year, it has struggled to regain momentum after retreating from a record high near $5,600 per ounce<\/strong> in late January.<\/p>\n\n\n\n With inflation concerns rising and interest rates expected to stay higher for longer, the near-term outlook for gold remains under pressure, even as geopolitical risks persist.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Gold prices fell below key levels in Asian trading on Wednesday, as investors turned cautious ahead of a closely watched Federal Reserve decision and rising concerns over inflation. After briefly reclaiming the $5,000 per ounce level, bullion reversed course as ongoing tensions in the U.S.-Israel conflict with Iran heightened uncertainty around the inflation outlook. By …<\/p>\n","protected":false},"author":9,"featured_media":110976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-124782","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=124782"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124782\/revisions"}],"predecessor-version":[{"id":124783,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124782\/revisions\/124783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/110976"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=124782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=124782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=124782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Precious metals retreat broadly<\/h3>\n\n\n\n
Limited safe-haven demand despite geopolitical risks<\/h3>\n\n\n\n
Inflation concerns outweigh haven appeal<\/h3>\n\n\n\n
Fed decision in focus<\/h3>\n\n\n\n
Outlook<\/h3>\n\n\n\n