Market Review - International gold prices experienced a rebound on August 12, with an opening price of $3349.37 per ounce, a high of $3359.25, a low of $3331.08, and a closing price of $3349.80 [1] Economic Indicators - The U.S. July CPI adjusted monthly rate was recorded at 0.2%, matching market expectations, while the previous value was 0.3% [2] - The U.S. July core CPI adjusted monthly rate was recorded at 0.3%, also in line with market expectations, with the previous value at 0.2% [2] - The U.S. July unadjusted core CPI annual rate was recorded at 3.1%, exceeding market expectations of 3.0%, and the previous value was 2.9% [2] - The U.S. July unadjusted CPI annual rate was recorded at 2.7%, below market expectations of 2.8%, with the previous value also at 2.7% [2] - Concerns have arisen regarding the quality of inflation and employment reports due to budget cuts and staff reductions affecting data collection in certain regions [2] Federal Reserve Insights - Following the July employment report, the threshold for interest rate cuts has changed, with the CPI data not being high enough to disrupt the planned rate cut in September [3] - U.S. Treasury Secretary Mnuchin suggested that the Federal Reserve should consider a 50 basis point rate cut in September [4] - Federal Reserve officials indicated that tariffs have a limited impact on inflation, suggesting a patient approach to policy changes [4] - There are indications that middle and low-income consumers are feeling more financially strained, which may suppress their spending and mitigate inflationary pressures from tariffs [4] Geopolitical Developments - President Trump is set to meet with President Putin in Anchorage, Alaska, with no third parties involved in the bilateral summit [5] Gold ETF Holdings - The largest gold ETF, SPDR Gold Trust, maintained its holdings at 964.22 tons, unchanged from the previous trading day [6] Market Expectations - According to CME's FedWatch tool, the probability of the Federal Reserve maintaining interest rates in September is 6.6%, while the probability of a 25 basis point cut is 93.4% [6]
美CPI数据基本符合预期,金价触底反弹加剧震荡
Sou Hu Cai Jing·2025-08-13 07:40