Gold held steady on Wednesday (August 13th), as investors weighed the Federal Reserve's policy outlook following the latest CPI release. Tariff-fueled inflation concerns and strengthened expectations of a 25 bps Fed rate cut in September, boosting the appeal of non-yielding bullion. Market focus will now turn to the upcoming US data series on PPI, weekly jobless claims, and retail sales to test the consistency of the disinflationary trend and the direction of monetary policy.
Meanwhile, regulatory uncertainty continues to cloud sentiment. Market participants await clarity on the status of gold import tariffs after conflicting signals: President Trump stated on Monday there would be no levies, but last week Customs and Border Protection classified 1-kilogram and 100-ounce gold bars under a customs code that makes them potentially subject to tariffs.
Source: Newsmaker.id
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