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fxJul 15, 2026, 11:15 PM

Gold rises above $4,050 as US PPI unexpectedly falls in June

Gold edges higher to around $4,060 during early Asian trading Thursday, rebounding as softer US inflation data fuels hopes the Federal Reserve will hold rates steady at its July meeting.

XAUUSD

Gold price (XAU/USD) is drifting higher above the $4,050 mark, trading near $4,060 in the early Asian session on Thursday. The precious metal is recovering ground after softer-than-expected US Producer Price Index (PPI) data for June surprised markets.

The unexpected decline in PPI has reinforced expectations that the Federal Reserve will keep interest rates unchanged at its upcoming July policy meeting. Lower inflation reduces the need for further tightening, which typically supports non-yielding assets like gold.

Market participants are now awaiting additional US economic data for further direction, but the immediate sentiment remains bullish for bullion.

Source: FXStreet Forex News