Key Insights
Spot gold rose 1.3% to settle at $4,052.96/oz on July 13, 2026, following cooler-than-expected U.S. consumer inflation data.
The U.S. Personal Consumption Expenditures (PCE) Price Index increased by 4.1% over the past 12 months, matching analyst forecasts and easing rate hike concerns.
The CME FedWatch tool indicates a 50% probability of a rate hike in September, down from 66% before the report.
AI Analysis
Gold prices are likely to continue rising in the near term, supported by soft U.S. inflation data and a weaker U.S. dollar. A base case scenario inclu...
Market Outlook
Short-Term
In the next 1-3 months, gold prices are expected to remain supported by soft inflation data and a weaker U.S. dollar, with potential for further gains if these trends continue.
Long-Term
Recent News
Gold prices rise as dollar yields fall due to inflation data
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