Gold rises as investors assess US rate outlook
Gold rises as investors assess US rate outlook and await key inflation data
Gold prices rose on Tuesday as investors awaited US inflation data due this week, which could influence the Federal Reserve’s monetary policy path.
US consumer price data is due Wednesday, followed by producer price data on Thursday. The readings are expected to influence rate expectations after the latest jobs report reduced bets on a Fed rate hike next month.
The data releases come amid growing concerns over the failure of talks to reopen the Strait of Hormuz. Iran said reopening the waterway depends on the United States accepting its conditions, pushing oil prices higher and increasing inflation risks stemming from the conflict.
|
Gold, silver futures |
|||
|
Metal |
Price (USD/oz) |
Change (USD) |
Change (%) |
|
Gold (December futures) |
4,441.10 |
+21.40 |
+0.48% |
|
Silver (August futures) |
64.769 |
(0.337) |
(0.52%) |
Settlement prices for August 11, 2026.
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