# Gold prices pare losses after U.S. inflation data

> Spot gold fell 0.6% to about $4,429 an ounce after US April PCE inflation rose 3.8% year on year, in line with expectations. Gold was down for a third straight session as doubts over a US-Iran deal clouded the rate outlook.

- Date: 2026-05-28 · published 2026-05-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19167-gold-prices-pare-losses-after-u-s-inflation-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher inflation and rate-hike expectations raise the dollar and Treasury yields, which weigh on precious metals and signal firmer financial conditions across commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [Gold rises on weaker U.S. dollar, soft inflation data](https://feedsoft.ai/events/18260-gold-rises-on-weaker-u-s-dollar-soft-inflation-data.md) | -1.2% | -1.9% |
| DXY | 2021-06-25 | [Dollar steady after U.S. inflation data misses estimates](https://feedsoft.ai/events/46773-dollar-steady-after-u-s-inflation-data-misses-estimates.md) | +0.4% | +1.0% |
| DXY | 2022-11-10 | [Oil prices settle 1% higher on tepid U.S. inflation data \| Reuters](https://feedsoft.ai/events/38852-oil-prices-settle-1-higher-on-tepid-u-s-inflation-data-reuters.md) | -1.6% | -2.8% |
| DXY | 2018-11-02 | [Dollar index pares losses after US nonfarm payrolls data](https://feedsoft.ai/events/62281-dollar-index-pares-losses-after-us-nonfarm-payrolls-data.md) | -0.2% | +0.0% |
| DXY | 2017-01-30 | [Euro hits 11-day low after German inflation data miss](https://feedsoft.ai/events/73169-euro-hits-11-day-low-after-german-inflation-data-miss.md) | -1.2% | -1.2% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/05/28/gold-prices-pare-losses-after-us-inflation-data.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.