Gold slips below $4,400/oz after US inflation data
New York gold futures fell further and were below $4,400 a troy ounce after US wholesale-price inflation accelerated in August. The move followed stronger PPI components that feed into the core PCE deflator.
S. wholesale-price inflation accelerated in August. "The key components of the PPI that feed into the core PCE deflator were fairly strong in August, raising the chance of the Fed hiking interest rates…"