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Gold Movements - Today

Aug 11, 2025

Daily market updates

#Commodities

Gold slips 1% as tensions fade, inflation fears ease

Markets eye inflation data; Trump-Putin talks lift dollar

Declining Safe-Haven Demand:
The improvement in political tensions following the announcement of the Trump-Putin meeting in Alaska restored market confidence, reducing demand for gold as a safe-haven asset.

Awaiting US Inflation Data:
The market is preparing for the release of July inflation data, which is expected to show an acceleration to 3%, above the Federal Reserve's 2% target, strengthening the dollar and pressuring gold.

Rate Cut Expectations Remain:
Despite the decline in prices, the probability of a September rate cut remains high (~90%), providing continued support for gold in the medium term.

Technical Analysis Indicates Potential Support:
Technical analysis indicates that gold may decline towards a support range at $3,314–$3,342 per ounce if the pressure persists.

Dominant Outlook:
Downward Scenario: Continued pressure from the dollar and strong inflation data could push gold toward strong support levels at $3,314–$3,342.

Bounce Scenario: An unexpected decline in US inflation indicators or increased geopolitical tensions could push gold back toward $3,380–$3,400.

- Source: Reuters.

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