U.S. PPI unexpectedly rose, gold is under pressure and falls, safe-haven demand still exists.

[Coin World] reported that due to stronger than expected inflation data in the U.S., traders lowered their expectations for interest rate cuts for the remainder of the year, and gold prices continued to fall. In after-hours trading, gold futures dropped by 0.6%, while the dollar index rose by 0.4%, to $98.22 per ounce. A market analyst from a certain platform stated: "Today's PPI data shows that the PPI unexpectedly rose to 3.3% year-on-year in July, far exceeding the expected 2.5%. This has raised concerns that the impact of tariffs on inflation is finally beginning to show." Investor attention will now turn to retail sales and consumer confidence data. However, amid ongoing uncertainty surrounding U.S. trade negotiations and the meeting between U.S. President Trump and Russian President Putin on Friday, gold is also receiving support from safe-haven demand.

TRUMP-2.25%
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GasFeeCryvip
· 08-16 22:38
The rise still needs to be observed.
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LiquidationTherapistvip
· 08-14 16:48
For hedging, one still has to look at gold.
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RektCoastervip
· 08-14 16:46
I can't understand economics.
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LiquidityWhisperervip
· 08-14 16:45
The risk-hedging trend is still bullish.
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MEV_Whisperervip
· 08-14 16:23
Gold still has to wait.
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