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Institution: The strengthening of the US dollar has led to further falls in gold futures.
Jin10 data reported on August 14, due to stronger than expected U.S. inflation data, traders lowered their interest rate cut expectations for the remainder of the year, and gold prices continued to fall. In evening trading, gold futures fell 0.6%, while the U.S. dollar index rose 0.4%, to $98.22 per ounce. Forex.com's market analyst Fawad Razaqzada stated: "Today's PPI data shows that the PPI unexpectedly rose to 3.3% year-on-year in July, far exceeding the expected 2.5%. This has raised concerns that the impact of tariffs on inflation is finally starting to show." Investors' attention will now turn to retail sales and consumer confidence data. However, against the backdrop of ongoing uncertainty surrounding U.S. trade negotiations and the meeting between U.S. President Trump and Russian President Putin on Friday, gold is also supported by safe-haven demand.