Gold

Bullish

Archived analysis from Aug 13, 2026, 8:27 PM

Key insight

PPI print today decides if 4,400 reclaims — two straight CPI misses already gutted the Fed hike narrative.

Pulls back to 4,350 after 4-day run above 4,400; cooling CPI kills Sept hike case, trend intact.

Main risk

Fed Sept hike revival on hot PPI

Hot July PPI today could briefly revive hike fears, pressuring gold below 4,300 support.

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