Gold fails to sustain the gains despite soft US inflation data as focus remains on the US-Iran crisis

“Gold fails to sustain the gains despite soft US inflation data as focus remains on the US-Iran crisis” explains why gold’s upside move after weaker U.S. inflation did not hold. The report says the past couple of days brought soft U.S. CPI and PPI data that were expected to translate into a 0.2% monthly increase in Core PCE, prompting a dovish repricing in interest-rate expectations and reducing Fed rate-hike odds for July to 10%. Gold rose after the soft CPI print but failed to maintain gains, and the softer PPI offered no support. The article argues that headlines related to the U.S.-Iran crisis are likely limiting the metal’s momentum, with de-escalation seen as supportive and escalation potentially pushing prices lower. It also outlines technical levels, including sellers targeting a move toward 3,885 and buyers watching for a break higher near 4,500. Key upcoming catalysts listed are U.S. Retail Sales and Jobless Claims, followed by the University of Michigan Consumer Sentiment survey.