Gold climbs toward $4,400 as July inflation matches consensus
Gold added about 1% to trade near $4,400 per ounce, its highest since early June, after July US inflation matched expectations on all key measures.
XAUUSD
Gold rose roughly 1% and held near $4,400 per ounce, the strongest level since early June, after the July US inflation report came in line with consensus across all four main readings.
A print that surprises nobody is typically not a major catalyst for the metal. The move comes as markets appear to have priced in a Federal Reserve pause.
The source argues that another rate hike is still coming, which could challenge the rally.
Source: FXStreet Forex News