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2026-07-14 15:18:11
Gold prices rebounded from a two-week low on Tuesday, currently trading around $4,025 per ounce, up about 0.6% on the day, after reaching a high of $4,034 per ounce earlier. The market is awaiting key US inflation data, while ongoing tensions between the US and Iran have pushed up oil prices, reinforcing market expectations for further interest rate hikes by the Federal Reserve. 2. Investors are closely watching the US June CPI data to be released later on Tuesday, as Federal Reserve Chairman Warsh delivers his first semi-annual testimony to Congress for new clues about inflation trends and the Fed's policy direction. PPI data will also be released this week. 3. Federal Reserve Governor Waller said on Monday that if upcoming data shows inflation persistently well above the 2% target, the Fed may need to raise interest rates "in the near future." He stated that monetary policy is at a "crossroads." Waller's comments further strengthened market expectations for tightening policies. 4. Traders have increased their bets on a September rate hike, with the CME FedWatch tool showing the probability of a rate hike rising to approximately 76% from 57% the previous week. Analysts point out that against the backdrop of intertwined geopolitical risks and monetary policy expectations, volatility in the gold market is expected to remain high.
