{
    "success": true,
    "data": {
        "id": 1913914,
        "msgid": "gold-prices-stagnate-ahead-of-crucial-us-inflation-data-1786495866",
        "date": "2026-08-12 07:15:30",
        "title": "Gold Prices Stagnate Ahead of Crucial US Inflation Data",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Gold prices dipped and then held steady as markets awaited key US inflation figures that could influence the Federal Reserve's interest rate policy. A weaker-than-expected US jobs report had previously boosted bullion by reducing expectations for a rate hike. Investors are now focused on the upcoming CPI and PPI data for further direction.",
        "content": "<p>Gold and silver prices are treading water as market participants\nawait important United States inflation data that could influence\nexpectations regarding the Federal Reserve\u2019s policy direction.<\/p>\n<p>According to Refinitiv, gold prices closed at US$4,366.84 per troy\nounce on Tuesday (11\/8\/2026), down 0.49%. This decline snapped a two-day\nwinning streak for the precious metal. On Wednesday (12\/8\/2026) at 06:47\nWIB, the price was nearly flat, edging up a marginal 0.06% to\nUS$4,369.78 per troy ounce.<\/p>\n<p>\u201cThe market is waiting for this week\u2019s inflation data to get\nconfirmation that inflation is still under control,\u201d said Peter Grant,\nVice President and Senior Metals Strategist at Zaner Metals, as quoted\nby Refinitiv. He added that a slowdown in annual inflation would\ncontinue to support gold prices.<\/p>\n<p>The US Consumer Price Index (CPI) data, due for release on Wednesday,\nand the Producer Price Index (PPI) on Thursday, are expected to be key\ndeterminants for monetary policy expectations. Previously, weak US\nemployment data for July had reduced market expectations for a Federal\nReserve interest rate hike the following month, a condition that sent\ngold prices soaring by 2.4% in a single day.<\/p>\n<p>\u201cGold remains in demand after last week\u2019s disappointing labour data\nreduced expectations for a rate hike in September,\u201d Grant noted.\nHowever, based on the CME FedWatch Tool, market participants still see a\nroughly 50% chance of a rate hike in September, while the probability of\na hike in December stands at 79%.<\/p>\n<p>Cleveland Federal Reserve President Beth Hammack stated on Monday\nthat it is time to begin raising interest rates gradually to avoid the\nneed for sharper increases later. Higher interest rates typically make\ngold less attractive as the metal offers no yield.<\/p>\n<p>On the geopolitical front, US President Donald Trump responded to\nIran\u2019s demands regarding a peace deal by presenting his own terms. Trump\ndemanded that Iran provide compensation for those killed in wars,\nattacks, and protests.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/gold-prices-stagnate-ahead-of-crucial-us-inflation-data-1786495866",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}