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Gold trims losses after US PPI data, focus on Middle East tensions
Gold prices trimmed losses on Wednesday after U.S. producer prices unexpectedly fell in June, although worries about inflation and elevated interest rates remained due to escalating tensions in the Middle East. Spot gold was broadly steady at $4,057.34 per ounce by 1:40 p.m. EDT (1740 GMT) after falling nearly 1% earlier in the session. U.S gold futures settled 0.4% lower at $4,051.80. "Gold has pared losses from earlier this morning as PPI came in lower than expected and eased some of those concerns about the Fed having multiple interest rate hikes this year," said Phillip Streible, chief market strategist at Blue ... (full story)
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From fxempire.com | Jul 15, 2026
Gold gained some ground as traders focused on falling Treasury yields and reacted to U.S. dollar’s pullback. Treasury yields moved lower as bond traders focused on the Producer Prices report from the U.S. The report indicated that PPI decreased by -0.3% month-over-month in June, compared to analyst forecast of 0%. Core PPI increased by +0.2%, while analysts ...
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