Gold rises to $4,399 as markets await key US CPI report
Gold prices climbed on Wednesday, buoyed by fading expectations of a Federal Reserve rate hike next month as markets awaited a critical U.S. inflation reading that could redraw the policy outlook.
August 12, 2026 (MLN): Gold prices climbed on Wednesday, buoyed by fading expectations of a Federal Reserve rate hike next month as markets awaited a critical U.S. inflation reading that could redraw the policy outlook. Currently, spot gold is up 0.25% to $4,399.46 an ounce as of [12:22 pm] PST, according to data reported by Mettis Global. The metal had touched a 10-week peak on Tuesday before running into technical...