09:34 - 13.08.2026

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August 13, Fineko/abc.az. Gold prices consolidated around $4,400 per ounce following a rally triggered by slowing US inflation metrics. Investors are now awaiting Producer Price Index (PPI) data for further cues on the Federal Reserve’s monetary policy stance.

Spot gold held steady at $4,408.55 per ounce, while December US gold futures hovered near $4,467.

• Market Drivers: Annual US consumer inflation slowed to 3.4% in July, pulling down market expectations for a September Fed rate hike from 54% to 40%. Lower interest rate expectations reduce the opportunity cost of holding non-yielding bullion.

• Geopolitical Support: Stalled negotiations between the US and Iran continue to bolster safe-haven demand for gold.