Gold Rises Ahead of US CPI Report

2026-08-12 00:10 By Jam Kaimo Samonte 1 min. read

Gold rose toward $4,400 an ounce on Wednesday, recouping losses from the previous session as investors prepared for key US inflation data that could provide fresh clues on the Federal Reserve’s policy outlook.

Markets remain divided over whether the Fed will raise rates by 25 basis points in September after keeping them unchanged in July, with rising oil prices reinforcing a hawkish bias.

Meanwhile, traders assessed the prospects of a US-Iran deal to reopen the Strait of Hormuz amid shifting signals.

Pakistan’s defense minister said Washington and Tehran are “close to some sort of arrangement” over the strait, while reports indicated that talks between Iran and Oman have reached an advanced stage.

Elsewhere, gold continued to draw support from investment demand and central bank purchases, particularly from China.

China’s central bank added about 20 tons to its reserves in July after buying around 15 tons in June, marking the largest monthly increase since October 2023.



News Stream
Gold Rises Ahead of US CPI Report
Gold rose toward $4,400 an ounce on Wednesday, recouping losses from the previous session as investors prepared for key US inflation data that could provide fresh clues on the Federal Reserve’s policy outlook. Markets remain divided over whether the Fed will raise rates by 25 basis points in September after keeping them unchanged in July, with rising oil prices reinforcing a hawkish bias. Meanwhile, traders assessed the prospects of a US-Iran deal to reopen the Strait of Hormuz amid shifting signals. Pakistan’s defense minister said Washington and Tehran are “close to some sort of arrangement” over the strait, while reports indicated that talks between Iran and Oman have reached an advanced stage. Elsewhere, gold continued to draw support from investment demand and central bank purchases, particularly from China. China’s central bank added about 20 tons to its reserves in July after buying around 15 tons in June, marking the largest monthly increase since October 2023.
2026-08-12
Gold Pulls Back as Investors Take Profits
Gold slipped below $4,400 an ounce on Tuesday, giving up earlier gains as investors took profits following a strong rally and weighed the potential impact of surging oil prices on inflation and the interest rate outlook. Earlier in the session, the yellow metal climbed to a two-month high as Chinese institutional investors continued to build bullion positions as a hedge against volatility across other markets, while gold-backed exchange traded funds in China posted their longest run of inflows in months. China’s central bank also stepped up gold purchases last month, adding about 20 tons to its reserves in July after buying around 15 tons in June, marking the largest monthly increase since October 2023. Meanwhile, uncertainty remained over a potential US-Iran agreement to end the war and reopen the Strait of Hormuz. Investors also awaited key US inflation data this week for fresh indications on the Federal Reserve’s policy outlook.
2026-08-11
Gold Extends Rally on Investment Demand
Gold climbed above $4,400 an ounce on Tuesday, reaching its highest level in two months as investment demand for precious metals improved despite rising inflationary risks and expectations for interest rate hikes fueled by surging oil prices. Chinese institutional investors continued to increase their bullion holdings as a hedge against volatility in other markets, with gold-backed exchange traded funds in China recording their longest streak of inflows in months. China’s central bank also accelerated its gold purchases last month, with reserves rising by about 20 tons in July following an increase of around 15 tons in June, marking the largest monthly addition since October 2023. Meanwhile, uncertainty persisted over a potential deal between the US and Iran to end the war and reopen the Strait of Hormuz. Investors also awaited a key US inflation reading this week for fresh clues on the Federal Reserve’s policy outlook.
2026-08-11