(SeaPRwire) – By: Christian Pierce
Gold prices inched up on Thursday. Spot gold rose about 0.4% to around $4,088. Earlier, it hit a six-month low. Brent crude fell, easing inflation worries. That gave gold a small boost.
US consumer prices jumped, mostly from higher gas costs. Markets now think the Fed might raise rates by end 2026. That’s a drag on gold. US and Iran kept peace talks going, even with air strikes. The dollar got stronger. That makes gold more expensive for buyers outside the US. Investors are watching diplomacy and central bank moves closely.
Author bio: Christian Pierce, chief financial columnist and markets commentator