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The Economic Times

Global Business / The Economic Times

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Gold advances as mild US inflation data puts Fed rate hike in doubt

Gold prices have soared to a two-month peak as consumer inflation in the U.S. showed signs of cooling. This easing in inflation has reduced the likelihood of an immediate interest rate hike by the Federal Reserve. Financial markets are now looking forward to the upcoming producer price data to validate this trend.

13 Aug 2026 7:31 am