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