Gold futures range bound as markets await Friday inflation data. 9/4/26

December Gold futures attempted a rally before pulling back at the 200-day moving average, remaining trapped above the 50-day moving average. Prices saw a daily high of $4,537.80, with a low of $4,506.60, as gold hovers near unchanged for the week. Market expectations for a September rate hike currently sit at 52% according to the CME FedWatch Tool, an increase from 49% the prior day, but down from the 63% peak seen following the Jackson Hole symposium. Looking ahead, market participants await upcoming CPI data as a critical indicator before the upcoming Federal Reserve policy meeting on Sept. 15 and 16. Learn more about trading futures and options at CME Group: https://www.cmegroup.com/markets/metals.html #GoldFutures #FederalReserve #CPI