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Gold slides as stronger than expected U.S. inflation data hits rate cut hopes
Gold futures fell Thursday after hotter than expected U.S. inflation data lifted the dollar and Treasury yields, likely lowering the odds of a larger September interest rate cut by the Federal Reserve. The Labor Department reported the producer price index rose 3.3% Y/Y in July, well above the consensus forecast for a 2.5% gain, raising concerns that the inflation impact of tariffs is finally starting to show, while weekly jobless claims came in a bit lower than expected at 224K compared to the 228K consensus. The dollar index bounced 0.5% from a more than two-week low, making bullion less attractive for non-U.S. ... (full story)
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From brecorder.com | Aug 15, 2025
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