$Gold.com(GOLD.US)

Any gold lovers?

Based on the latest macro data released on 12–13 August 2026, gold’s short‑term trend remains bullish.

I believe it is in consolidating phase after a strong breakout. Gold can be tricky, idiotic and sickening.

Here’s how the key reports are driving its price action:

📌 1. CPI — The Catalyst (12 Aug)

July’s U.S. inflation data came in roughly as expected. Recap: The headline CPI is at 3.4% YoY while core CPI eased to 2.5%.

This reassured markets and dialed back fears of aggressive Fed rate hikes. Gold rallied as a result, breaking above the key $4,400 psychological level and hitting a multi‑week high near $4,406.

📌 2. PPI — Reinforcing the Trend (13 Aug)

July’s Producer Price Index was flat month‑on‑month, signaling softer wholesale inflation.

This is fundamentally gold‑positive because it makes tighter Fed policy less likely. Traders took the chance to lock in profits from the prior day’s sharp rally.

📌 3. Latest Price Action & Outlook (14 Aug)

Gold is down at around $4,336 in early Asian trade. the charts corroborate the “bullish but consolidating” picture. Intraday momentum is still in a corrective phase so the bullish continuation is not yet confirmed.

For now, it’s consolidating. May retest of the $4,315 zone before the next big move.

🎯 Conclusion

CME FedWatch shows markets have largely priced out aggressive rate‑hike bets. With both CPI and PPI pointing to cooling inflation, the U.S. dollar and Treasury yields remain under gentle pressure.A supportive backdrop for gold.

Not financial advice. Personal view. Do your own DD😁