Shanghai Gold (USD) JUN7 (SGU2706) News

Inflation cools more than expected! U.S. July PPI growth narrows to 4.7%, driven primarily by lower energy costs

The U.S. Producer Price Index (PPI) remained flat month-on-month in July, with the year-on-year rate declining to 4.7%. The core PPI fell to 4.2% year-on-year, primarily driven by lower energy prices and a slowdown in service price inflation. The widening divergence between the Consumer Price Index (CPI) and the PPI is putting pressure on corporate profit margins. Market expectations for Federal Reserve interest rate hikes remain unchanged, with the view that there is limited urgency for short-term policy adjustments. Future inflation trends will continue to depend on changes in energy prices.

wallstreetcnAug 13 20:56

快讯 | 美国7月PPI同比增长4.7% 低于市场预期

US July PPI YoY +4.7% Vs +4.9% Forecast, Prior +5.5%

BreakingsAug 13 20:30

Gold bulls catch their breath again as two key thresholds loom; is the pressure from high interest rates waning?

Following gold's surge, market participants are hesitant to chase the rally blindly. The upcoming release of the Producer Price Index (PPI) and the Jackson Hole Symposium serve as key litmus tests. State Street strategists anticipate sufficient room for further short-term gains in gold prices, with a year-end target of $5,000.

Golden10 DataAug 13 17:22

The Bank of Korea purchased gold assets for the first time in 13 years, with potential for further accumulation.

According to BlockBeats, on August 13, the Bank of Korea purchased gold-related assets for the first time in 13 years to hedge against geopolitical and economic uncertainties. According to a filing with the U.S. Securities and Exchange Commission, the Bank of Korea held 679,765 shares of SPDR Gold Shares as of the end of the second quarter, valued at approximately $250 million. The filing showed that three months prior, the central bank held no shares in the world’s largest physical gold-backed ETF. The Bank of Korea stated that this investment marked its first purchase of gold-linked assets since 2013.

BlockBeatsAug 13 16:48

New Fed Wire: Inflation data is "tepid," giving the Federal Reserve a temporary reprieve, but the path ahead remains uncertain

Nick Timiraos noted that U.S. inflation data for July met expectations, with market bets on a Federal Reserve rate hike in September falling below 50%, thereby easing short-term pressure for tighter policy. However, significant divergence persists within the Fed between hawks and doves; more than half of the voting members favor a rate hike, and the President of the Federal Reserve Bank of San Francisco has hinted that a one-time 50-basis-point increase may be necessary if inflation spirals out of control. Chair Walsh has maintained an ambiguous stance, suggesting that the true policy direction will likely only become clear after the release of August inflation data on September 11.

wallstreetcnAug 13 09:30

Fully in line with expectations! The year-on-year increase in the U.S. CPI for July narrowed to 3.4%, while core CPI slowed to 2.5% year-on-year.

Traders maintain their bet on a 45% probability of a Federal Reserve rate hike in September.

wallstreetcnAug 12 20:56

Fully in line with expectations! Full text of the U.S. July CPI report: Year-on-year growth narrows to 3.4%, with falling energy prices as the main drag

In July, the U.S. Consumer Price Index (CPI) rose 0.1% month-on-month and 3.4% year-on-year, while core CPI eased to 2.5% on an annual basis. The decline in energy prices was the primary drag, whereas housing costs still accounted for approximately two-thirds of the overall monthly increase. Below is the full text of the CPI report.

Golden10 DataAug 12 20:43

快讯 | 美国7月CPI同比增长3.4% 符合市场预期

US Jul. CPI YoY +3.4% Vs +3.4% Forecast, Prior +3.5%

BreakingsAug 12 20:30

U.S. stocks and gold rise in tandem as Bitcoin misses the rebound; have bottoming signals emerged?

With ETF inflows resuming and certain long-term indicators touching historic lows, why has Bitcoin not yet embarked on a recovery rally? Is the current correction nearing the cyclical bottom?

PANewsAug 12 17:23

Express News | Bank of America: CTA short positions in US Treasuries remain elevated; tonight's CPI data could amplify bond market volatility

Ahead of the U.S. CPI release, a technical risk in the bond market that is often overlooked is intensifying. In its latest report, Bank of America Securities notes that trend-following Commodity Trading Advisors (CTAs) have maintained significant short positions in U.S. Treasury futures following the unexpectedly weak U.S. non-farm payrolls data. Last week, U.S. Treasury futures briefly approached the range that would trigger short covering, but as yields rebounded from their lows, models indicate that these short positions have not yet been forced to unwind. CTAs typically refer to systematic trend-following funds. These funds do not primarily base their decisions on judgments regarding inflation, fiscal policy, or Federal Reserve policy itself; instead, they trade assets such as equity indices, U.S. Treasuries, foreign exchange, gold, and crude oil based on price trends, volatility, and stop-loss thresholds. Simply put, the clearer the market trend, the more likely CTAs are to add to their positions in the direction of the trend; once prices reverse and breach model-defined thresholds, they may collectively reduce exposure or cover shorts. Therefore, CTAs act more as "amplifiers" of market moves; they are usually not the originators of market direction but can exacerbate volatility following key data releases. Bank of America states that 10-year U.S. Treasury futures remain in a downtrend, with current prices around 108.72. The short-term trigger level for short covering is approximately 109.41, with a higher trigger level near 110.21. In other words, if the CPI comes in weaker than expected, driving U.S. Treasury prices up and yields down, CTAs may be forced to cover their short positions, thereby further amplifying the bond market rally; if the CPI is stronger than expected, causing U.S. Treasury yields to rise, CTA short positions may remain in the market. The report points out that macroeconomic data will determine the direction, while CTA positioning will determine whether the move is amplified by mechanical trading flows. Since U.S. Treasury yields directly impact tech stock valuations, the U.S. dollar, and gold, the impact of tonight's CPI release on cross-asset markets will also be magnified. If yields decline rapidly, growth stocks and gold may find support; if inflation data again comes in strong, high-valuation tech stocks and precious metals will face re-pricing pressure.

BreakingsAug 12 17:10

Gold surges back to $4,400: Is the bull market restarting?

Has the gold bull market truly arrived? Or should investors seize the opportunity of the rebound to exit their positions?

Wu Xiaobo ChannelAug 12 17:05

Gold flashes a warning signal again after 103 trading days—tonight’s CPI data could act as the 'trigger' for a pullback.

Historical data show that gold returns have typically been weak following similar signals, and the upcoming U.S. CPI release may determine whether this rally pauses or continues upward.

Golden10 DataAug 12 12:12

A 50-50 bet on a rate hike: Tonight at 20:30, CPI data may determine whether the Fed 'pulls the trigger' in September or continues to hold off

Traders are currently pricing in a roughly 50% probability of a rate hike in September. This means tonight’s CPI data could directly tip the balance. If the data aligns with expectations, the Federal Reserve may remain on hold; if it exceeds expectations, it could open the door to a series of consecutive rate hikes.

Golden10 DataAug 12 09:15

Express News | Pakistan signals on U.S.-Iran talks: 'Close to reaching some kind of arrangement'

According to Reuters, Pakistani officials stated that signals from the United States and Iran indicate the two sides are 'close to reaching some kind of arrangement,' with developments moving in a peaceful direction. Meanwhile, according to Iran's Mehr News Agency, Pakistan's Interior Minister has arrived in Tehran for talks.

BreakingsAug 11 19:02

‘The New Fed Wire’ Issues Strong Warning: September Rate Hike Hinges on Inflation Data!

① The so-called 'New Fed Wire' stated that if the U.S. July CPI data released on Wednesday comes in mild, it would simultaneously ease the pressure on both Waller personally and the FOMC to raise interest rates—pressure stemming from their ongoing reassessment of whether they had underestimated the resilience of the U.S. economy. ② Conversely, if the data remains elevated, it could force him to demonstrate through concrete action the point he struggled last month to articulate clearly.

cls.cnAug 11 16:41

Dual Focus on Gold Price Elasticity and Robust Alpha: Allocation Strategy for Gold Jewelry and Gold Mining Stocks

International gold prices surpassed USD 4,400, with domestic futures rising sharply in tandem. Since August, the price of Gold/USD (XAUUSD.CFD) has accelerated upward, reaching a new high since June 2026. On the international front, London spot gold closed at USD 4,341.91 per ounce on August 7, briefly breaking through the USD 4,400 per ounce mark in early August, recording its largest weekly gain of over 7% year-to-date. Domestic gold futures followed suit with a significant rally; on August 7, Shanghai Futures Exchange (SHFE) gold futures settled at RMB 936.76 per gram, up sharply from the previous day's close of RMB 910.40 per gram. The SWS Gold Index closed at 27,067 on the same day.

Zhang Yidong Strategy WorldAug 11 15:51

Is the gold and silver bull market about to resume? Experts say the pullback is a 'normal fluctuation,' and the long-term risk-reward profile has improved!

① Maria Smirnov, Chief Investment Officer at Sprott Inc., stated that the recent decline in gold prices represents a normal correction within a bull market rather than a reversal of the trend, and that the outlook for silver remains highly attractive; ② She noted that factors such as rising sovereign debt, fiscal deficits, central bank gold purchases, and geopolitical fragmentation continue to underpin gold’s strategic role, and that fundamentals for precious metals mining equities remain robust.

cls.cnAug 11 15:20

‘Gold bugs’ haven’t exited the market: Gold bulls await a shift in bond markets as bullish bets heat up

Weak nonfarm payrolls, stagnant 10-year U.S. Treasury yields, a retreating dollar—and an unexpected catalyst: Chinese retail investors are snapping up domestic gold ETFs. Is gold’s rebound truly underway?

Golden10 DataAug 10 10:35

Rising oil prices fuel inflation, while weakening employment data dampens rate hike expectations—gold benefits from both sides.

Geopolitical tensions caused oil price volatility, fueling inflation expectations and boosting gold’s appeal as a safe-haven and store-of-value asset. Meanwhile, the unexpectedly weak U.S. nonfarm payrolls report for July dealt a sharp blow to interest rate hike expectations, driving both Treasury yields and the U.S. dollar lower. The combined effect of these two forces propelled gold to its best weekly performance in seven months. Additionally, ETF buying interest has concurrently rebounded—with global gold ETF holdings increasing by approximately 24 tonnes since July 20.

wallstreetcnAug 8 17:15

Gold surges $300 in three days! A short squeeze unfolds, and the rally may be far from over—UBS Group calls for $5,000 an ounce by next year.

Previously, many CTA trend-following funds maintained short positions in gold. Now, as gold prices have broken through key levels, CTAs are cutting losses and turning net long. Meanwhile, a significant amount of speculative gold capital missed the current rally and may be forced to chase higher prices in the near term, potentially fueling a second wave of gains. UBS Group notes that declining U.S. Treasury yields, a medium-term weakening of the U.S. dollar, and sustained central bank gold purchases will drive gold prices to USD 5,000 by the first half of 2027.

wallstreetcnAug 7 22:50