Gold Pulls Back After Soft U.S. PPI Fuels Rate-Cut Expectations

VG Markets · 2026-08-14T01:43:41Z

Gold eased after reaching a fresh two-month high as softer-than-expected July PPI reduced expectations for further Fed tightening. Spot gold fell 1.3% to $4,352, while markets priced a higher chance of rates holding steady in September. Traders should watch Fed rate expectations, real yields and Middle East risks for gold’s next direction.

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