# Gold slips after two-month peak as traders await US data

2026-08-14T01:37:10+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 3 independent outlets

Gold fell 0.5 per cent to $4,383.53 per ounce on Friday, after touching a two-month high of $4,400 earlier in the session. The pullback came as traders locked in profits and turned their focus to US producer price data for clues on the Federal Reserve’s next move. The consumer price index rose 3.4 per cent year-on-year in July, cooling from June and reducing bets on a September rate hike to about 40 per cent, according to the CME FedWatch Tool. Markets are also watching geopolitical tensions, with the US threatening to maintain its naval blockade of Iran indefinitely amid stalled ceasefire talks. Silver fell 0.8 per cent to $63.92, while platinum and palladium also declined.

## Coverage

- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/gold/gold-touches-two-month-peak-then-slips-as-traders-pause-for-inflation-cues/article71339831.ece>
- livemint.com <https://www.livemint.com/market/gold-steadies-as-traders-weigh-fed-rate-path-and-mideast-tension-11786667005682.html>
- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/gold-silver-rate-today-live-updates-18k-22-carat-24k-gold-price-10g-silver-cost-per-kg-mcx-comex-etf-stock-precious-metal-gold-prediction-city-wise-cost-latest-gold-news/liveblog/133227563.cms>

Tags: commodities, Federal Reserve, geopolitics, gold, interest rates, US inflation
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