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Gold stays near $4,400 per ounce on Aug 13, 2026, up 8.6% month‑over‑month and 32% year‑to‑date after US consumer inflation slowed to 3.4% in July.
Gold settled at $4,401.88 per ounce on Monday, keeping the metal above the $4,400 mark and near ten‑week highs as July’s US consumer inflation slowed for a second straight month to 3.4% [2].
| At a glance | |
|---|---|
| Price | $4,401.88/oz |
| Daily change | –0.15% |
| 1‑month gain | +8.57% |
| Year‑over‑year gain | +31.96% |
| Fed hike odds | ~40% for a 25 bp increase in September, down from ~50% a day earlier |
The July consumer price index (CPI) rose only 0.1% from June, marking a second month of modest price growth and easing pressure on the Federal Reserve to tighten policy quickly. Analysts responded by trimming the probability of a 25‑basis‑point rate hike at the September meeting to roughly 40%, down from nearly 50% the previous day. The softer inflation reading removed a key headwind for gold, which often benefits from lower real yields and a weaker dollar.
Gold’s resilience also received support from a pullback in oil prices as traders weighed the chances of a diplomatic breakthrough to reopen the Strait of Hormuz. While rhetoric between the United States and Iran remained tense, the reduced likelihood of an imminent agreement kept oil prices in check, indirectly bolstering gold’s appeal as a safe‑haven asset.
Trading‑Economics’ macro models project gold to close the current quarter near $4,459.91 per ounce and to reach about $4,822.58 in twelve months’ time [2].
Gold’s ability to stay above $4,400 reflects the market’s view that easing inflation and subdued oil volatility reduce the urgency for tighter monetary policy, keeping the metal in favor as investors seek protection against lingering price pressures.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Aug 13, 2026 · How we report
Gold prices declined due to hawkish comments from Fed Chair Kevin Warsh, which strengthened the US Dollar and increased US Treasury yields.
The Federal Reserve aims to achieve a 2% inflation goal.
The Fed adjusts interest rates; raising rates typically strengthens the US Dollar by making it a more attractive investment, while lowering rates can weigh on the currency.
Following recent comments, money markets priced in a 43% to 44% chance of a 25-basis-point rate hike in September.