11:59 - 12.08.2026

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August 12, Fineko/abc.az. Gold prices advanced as investors weighed reports regarding the reopening of the Strait of Hormuz and awaited crucial U.S. inflation data. Spot gold rose 0.6% to $4,395.80 per ounce, approaching the $4,400 threshold.

Market attention is focused on today's U.S. Consumer Price Index (CPI) release. Economists expect consumer prices to tick up 0.1% in July following a 0.4% decline in June.

Meanwhile, elevated oil prices stemming from geopolitical tensions continue to shape expectations for Federal Reserve policy, with markets pricing in roughly a 50% chance of a 25-basis-point rate hike in September. Analysts note that a softer dollar supports bullion, though a fresh surge in energy prices could swiftly shift market momentum.