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Bloomberg

Gold Steadies After Tame US Inflation Data Eases Rate-Hike Bets

Wednesday, August 12, 2026


Gold prices held near $4,400 per ounce following the release of US inflation data that showed modest increases. The inflation report reduced expectations among investors that the Federal Reserve would raise interest rates in the near term.

Original reporting: https://www.bloomberg.com/news/articles/2026-08-12/gold-steadies-after-tame-us-inflation-data-eases-rate-hike-bets

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