Gold Climbs Past $4,350 on Weaker US PPI, Fed Rate Cut Speculation

Softer US producer inflation data fuels expectations of a pause in Fed rate hikes, lifting gold prices in early Asian trade. Gold prices rose above $4,350, trading near $4,360 in early Asian trade, as weaker-than-expected US producer price index data reduced bets on a Sept

Softer US producer inflation data fuels expectations of a pause in Fed rate hikes, lifting gold prices in early Asian trade.

Gold prices rose above $4,350, trading near $4,360 in early Asian trade, as weaker-than-expected US producer price index data reduced bets on a September Federal Reserve rate hike.

The move follows Thursday’s US inflation report, which showed a moderation in price pressures. Market focus now shifts to upcoming US July retail sales data for further direction.

XAU/USD held positive momentum, reflecting investor sentiment toward potential Fed policy easing.

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