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fxAug 13, 2026, 11:28 PM

Gold holds above $4,350 as softer US PPI trims Fed hike bets

Gold is trading near $4,360 in early Asian hours after softer US producer price data reduced expectations for a September Fed hike.

XAUUSD

Gold held a positive tone near $4,360 early Friday in Asia. The move followed US inflation data that pointed to softer producer price pressures, trimming bets on a Federal Reserve rate hike in September.

The precious metal gained momentum as the softer PPI reading supported the case for a less aggressive Fed. Traders now look to the upcoming US July Retail Sales report for further direction.

Source: FXStreet Forex News