The strengthening of the US dollar puts pressure on gold futures, which fell 0.6%
Affected by stronger than expected US inflation data, gold futures prices fell 0.6%, while the US dollar index rose 0.4% to 98.22. Analysts pointed out that the year-on-year increase in PPI in July was 3.3%, higher than the expected 2.5%, which raised concerns in the market about rising inflation. Investors are paying attention to retail sales and consumer confidence data, while gold is still supported by safe haven demand.
