Gold slips below $4,400 as Fed tightening bets intensify

Gold slipped below $4,400 an ounce in electronic trading on Monday, weighed by a firmer dollar and rising expectations of tighter Federal Reserve policy following stronger US jobs data. The bullion market now turns its focus to this week?s CPI and PPI releases, which could provide crucial signals on the Fed?s September policy trajectory. Meanwhile, elevated oil prices amid renewed US-Iran hostilities are reviving inflationary concerns and adding another headwind for gold. MCX October gold remained largely subdued near ₹1,52,924 per 10 grams as investors balanced a stronger dollar and higher-rate expectations against persistent geopolitical uncertainty.

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