Gold Futures Steady As Market Digests Higher Rates, $6B Bond Buyback Announcement -- Market Talk

1150 ET - Gold futures are steady as bond yields rise after the Treasury says it will buy up to $6 billion of longer-term debt at its Thursday buyback operation. The precious metals market is also focusing on this week's inflation data--producer prices due Thursday and consumer prices on Friday. Gold's recent slippage came as high Treasury yields, firmer Fed rate-hike expectations and rising oil prices "collectively outweighed dollar softness," Kaynat Chainwala of Kotak Neo says in a note. Softer inflation readings would reduce the probability of a rate increase "and open the path toward the $4,500 resistance zone," while an above-estimate result along with high energy prices "would likely reinstate selling pressure and bring the $4,300 support zone into focus." Front month gold is up 0.2% at $4,401.20 a troy ounce. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

September 09, 2026 11:50 ET (15:50 GMT)