The price of gold has recovered above 4,400 US dollars per ounce, and traders are waiting for US inflation data to find clues as to whether the Federal Reserve will raise interest rates. The US dollar index fell for the fourth day in a row, making gold more attractive to most buyers; however, 10-year US Treasury yields rose, which was bad for gold. The Federal Reserve will meet on September 14-15. Investors will pay close attention to the US Producer Price Index and Consumer Price Index this week. Exchange market traders' pricing shows that the probability of interest rate hikes is around 60%.

The price of gold has recovered above 4,400 US dollars per ounce, and traders are waiting for US inflation data to find clues as to whether the Federal Reserve will raise interest rates. The US dollar index fell for the fourth day in a row, making gold more attractive to most buyers; however, 10-year US Treasury yields rose, which was bad for gold. The Federal Reserve will meet on September 14-15. Investors will pay close attention to the US Producer Price Index and Consumer Price Index this week. Exchange market traders' pricing shows that the probability of interest rate hikes is around 60%.