Gold Stabilizes Near Rs 150,809 While Oil Prices Push Inflation Concerns

Gold prices showed limited movement on September 16, hovering around Rs 150,809 after a 0.28% rise. The metal faced pressure from climbing crude oil prices, which have heightened inflation worries in emerging markets. At the same time, lifted Treasury yields and the prospect of a Federal Reserve rate hike added to the overall market uncertainty. Recent U.S. consumer price data revealed an acceleration in August, while core inflation posted its largest monthly gain in four months, reinforcing the cautious tone among bullion investors.