Gold fell despite US inflation printing below expectations. US PPI declined last month as energy costs eased, and June inflation has not yet reflected the latest escalation in US‑Iran tensions. Mitsubishi UFJ Financial Group analysts say gold’s near-

2026-07-16

Gold fell despite US inflation printing below expectations. US PPI declined last month as energy costs eased, and June inflation has not yet reflected the latest escalation in US‑Iran tensions. Mitsubishi UFJ Financial Group analysts say gold’s near-term direction hinges on whether rising oil prices transmit into US inflation or remain a transitory geopolitical shock; investors are watching Fed officials’ remarks for policy clues.