Gold fell for a seventh straight day, dropping to over a one-month low. XAU/USD traded near $4,605 after touching about $4,502. The move followed rising inflation concerns linked to higher oil prices and expectations of interest rates staying higher for longer. A firmer US Dollar and higher yields reduced demand for non-yielding gold. The Federal Reserve kept its benchmark rate unchanged at 3.50%–3.75%. Its dot plot still shows one rate cut in 2026, while the PCE inflation forecast for December 2026 rose to 2.7% from 2.4%. The FOMC said job gains have been modest, unemployment has changed little, and inflation ... (full story)