Gold Price Moves Higher as Markets Await U.S. PPI and CPI Data - Yahoo Finance UK

AI desk brief

Gold edged higher as a weaker U.S. dollar and strong ETF demand offset pressure from higher U.S. Treasury yields and rising rate expectations. Spot gold rose 0.4% to $4,418.87/oz and futures added 0.03% to $4,461.82/oz; silver gained 0.5% to $67.62/oz while platinum slipped 0.6% to $1,889.34/oz. Gold remains near $4,400 after rebounding from around $4,000 in July, but it is still below the 200-day moving average near $4,537, with Tony Sycamore saying a move back above that level would be needed to confirm the broader uptrend has resumed.