Baku 22° C
Gold prices fall sharply as stronger US inflation boosts dollar
Finance
- 14 October, 2026
- 23:30
Add Report.az to preferred Google sources
Stay up to date with the top news!
Gold prices fell sharply on Wednesday as the dollar strengthened after US inflation accelerated more than expected.
According to Report, data from the Comex exchange showed that December gold futures were down 1.9% at $4,096.7 per ounce as of 20:02 Baku time.
By 22:07, the precious metal was trading at $4,104.8 per ounce.
US consumer prices, measured by the Consumer Price Index (CPI), rose 3.7% year-on-year in September, according to the US Department of Labor.
Inflation accelerated from 3.4% in the previous month and reached its highest level since April.
Analysts surveyed by Trading Economics had expected consumer prices to rise 3.6% in September.
Latest News
01:40
Photo
Authorities deny alleged hijab ban in Azerbaijani medical facilities
Domestic policy
00:01
23 years since Ilham Aliyev was first elected President of Azerbaijan
Domestic policy
23:47
Slovakia will not join new European loan for Ukraine
Other countries
23:30
Gold prices fall sharply as stronger US inflation boosts dollar
Finance
22:50
Photo
Dinner hosted on behalf of President Ilham Aliyev in honor of participants of 7th CICA Summit
Foreign policy
22:38
President Ilham Aliyev met with President of Tajikistan
Foreign policy
22:36
Two ships sink near Strait of Hormuz after projectile strikes
Other countries
22:08
Photo
President Ilham Aliyev met with President of Uzbekistan - UPDATED
Foreign policy
21:56
Davr Bank renamed ABB Davr Bank as management is restructured
Finance