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Gold Steadies After Tame US Inflation Data Eases Rate-Hike Bets

Bloomberg Markets Wednesday 12 August 2026, 23:14 UTC By Robin Paxton 1 min read
Key Points

Gold Steadies After Tame US Inflation Data Eases Rate-Hike Bets Gold steadied near $4,400 an ounce after a subdued US inflation report relieved near-term pressure on the Federal Reserve to hike interest rates. Bullion was little changed in early trading, having gained 0.9% on Wednesday after data showed consumer prices rose just 0.1% in July from a month earlier. The latest report suggests the impact of the energy-price shock from the Iran war continued to fade last month.

Gold Steadies After Tame US Inflation Data Eases Rate-Hike Bets Gold steadied near $4,400 an ounce after a subdued US inflation report relieved near-term pressure on the Federal Reserve to hike interest rates. Bullion was little changed in early trading, having gained 0.9% on Wednesday after data showed consumer prices rose just 0.1% in July from a month earlier. The latest report suggests the impact of the energy-price shock from the Iran war continued to fade last month.
US Inflation Data (EVENT) US (LOCATION) the Federal Reserve (ORG) Iran (LOCATION)
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