Gold taps two-month high as CPI cools, easing bets on Fed hikes
TL;DR Summary
Gold rose toward a two-month high—around $4,406/oz—after July CPI showed cooler inflation, trimming September Fed hike odds to about 40% and easing Treasury yields; the move supported gold and equities, though energy-inflation risks keep the outlook nuanced, with silver near $65.14/oz and key levels around $4,430–$4,492 resistance and $4,360–$4,299 supports.
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