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fxAug 12, 2026, 10:51 AM

Gold Climbs Above $4,400 as Traders Await US CPI

Gold rebounded on Wednesday, trading above $4,400, while markets focus on the upcoming US Consumer Price Index report for direction.

XAUUSD

Gold (XAU/USD) edged higher on Wednesday after a rare negative close on Tuesday. The bounce comes as traders look to the US CPI release at 12:30 GMT, which could determine whether the recent bullish trend persists or reverses.

The data is expected to provide clarity on the Federal Reserve's rate path.

Source: FXStreet Forex News