Gold prices hit a two-month high, with markets focusing on U.S. inflation data
2026-08-11 09:36:27
According to CoinMeta, the price of gold rose to its highest level in two months on Tuesday, with spot gold increasing by about 0.5% to nearly $4,400 per ounce. The market is awaiting this week's U.S. inflation data, and analysts believe that the weak employment report released on Friday may mark the beginning of a shift in Federal Reserve policy. As the Consumer Price Index (CPI) and Producer Price Index (PPI) are about to be released, these data will have a significant impact on the trend of gold. If the inflation data exceeds expectations, it could reignite expectations for interest rate hikes and suppress gold prices; if the data falls short of expectations, it may further drive up gold prices.
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Source:Internet
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