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Analysts: Gold price rises moderately, market awaits PPI data reaction

Analysts: Gold price rises moderately, market awaits PPI data reaction

2025-07-16 18:02

ChainThink reports: Gold prices rose slightly on Wednesday as the US dollar weakened, with investors waiting for clearer developments in trade negotiations between the US and its trading partners, as well as another PPI inflation data that may provide further guidance on the Federal Reserve's policy outlook. Independent analyst Ross Norman said: "The US dollar weakened ahead of the release of the PPI data, as traders took a cautious stance after recent gains, which led to a slight increase in gold prices." However, Ajay Kedia, head of Kedia Commodities, said that despite Trump's new tariff announcements, the gold market has repeatedly broken below the $3,400 level. Previously, ANZ Bank predicted in a report: "In the short term, gold prices may consolidate and then rise again to $3,600 per ounce by the end of the year."

Disclaimer: Contains third-party opinions, does not constitute financial advice

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