---
title: "Gold Steadies from 2-Mo. Peaks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295949756.md"
description: "Gold prices steadied from two-month peaks as investors booked profits after a rally driven by softer U.S. inflation data and reduced expectations for a September Federal Reserve rate hike. Spot gold remained near $4,351/oz, while December futures fell slightly. U.S. producer and consumer prices showed minimal growth in July, with traders pricing only a 31% chance of a rate hike, down from 44% previously."
datetime: "2026-08-14T14:46:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295949756.md)
  - [en](https://longbridge.com/en/news/295949756.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295949756.md)
generator: "portal-rs"
---

# Gold Steadies from 2-Mo. Peaks

Gold prices ?steadied on Friday ?after pulling back from a more than two-month high, as investors booked profits following a rally fueled by softer U.S. inflation data and fading expectations for a ?Federal ?Reserve rate hike in September.

Spot gold was little ?changed at $4,351.45 U.S. an ounce after the contract fell 1.3% in the previous session. U.S. gold futures for December delivery fell 0.3% to $4,407.70 per ounce.

Bullion rallied to ?its highest point since June 5 on Thursday.

U.S. producer prices were unchanged ?in July, following a revised 0.1% drop in June, ?while U.S. consumer prices barely increased last month as the cost of gasoline declined for a second consecutive month.

Traders are now pricing only a 31% chance of ?a rate hike in September, down from about 44% a week earlier.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**