Jin10 data reports on July 15th that gold rose ahead of the key U.S. inflation data to be released later on Tuesday. Analysts at Peak Trading Research stated, "Given the recent tariff fluctuations and the renewed calls for a change in Fed Chairman Powell, today’s CPI data is very important." The data is expected to provide further clues on the U.S. interest rate trajectory, with markets anticipating rate cuts before the end of the year. The rise in safe-haven demand triggered by escalating tariff tensions also supports gold prices, and traders are closely watching the progress of trade negotiations ahead of the August 1 deadline. Analysts noted, "Investors are taking a 'seeing is believing' stance on Trump’s new tariff statement."
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CPI before gold rise Analysts: Safe-haven demand support gold price
Jin10 data reports on July 15th that gold rose ahead of the key U.S. inflation data to be released later on Tuesday. Analysts at Peak Trading Research stated, "Given the recent tariff fluctuations and the renewed calls for a change in Fed Chairman Powell, today’s CPI data is very important." The data is expected to provide further clues on the U.S. interest rate trajectory, with markets anticipating rate cuts before the end of the year. The rise in safe-haven demand triggered by escalating tariff tensions also supports gold prices, and traders are closely watching the progress of trade negotiations ahead of the August 1 deadline. Analysts noted, "Investors are taking a 'seeing is believing' stance on Trump’s new tariff statement."