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Global gold prices fall $20
Gold prices worldwide fell today, Tuesday, August 11, 2026, after reaching their highest level in more than two months. This decline comes amid market anticipation for U.S. inflation data, which could lead to adjustments in Federal Reserve interest rate expectations. The price of an ounce of gold stood at approximately $4,371, down about $20. The gold market primarily depends on the upcoming Consumer Price Index and Producer Price Index reports in the United States, scheduled for Wednesday and Thursday, as these data points influence expectations for interest rate hikes or cuts. Currently, there is a 48% probability of a rate increase in September 2026. The trajectory of U.S. interest rates continues to be a major factor impacting the global gold market, with markets rapidly reacting to any signals regarding monetary policy.
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