Gold Analysis July 15: PPI Data and Fed Chair TestimonyGOLD (US$/OZ)TVC:GOLDBlogngoaihoiGold rallied to around $4,100 yesterday after lower-than-expected US inflation data dampened expectations for a near-term rate hike by the Federal Reserve (Fed). However, gold prices subsequently retreated to around $4,050 due to the escalating situation in the Middle East. Today, investors should focus on the PPI data and the Fed Chair's testimony during the US session. The Consumer Price Index (CPI) fell by 0.4% month-on-month in June, coming in well below the forecasted 0.1% decline and dropping sharply from the 0.5% increase recorded in May. Annual inflation slowed to 3.5% from 4.2%, also missing the 3.8% forecast. The Core CPI, which excludes volatile food and energy prices, remained unchanged in June, undershooting expectations of a 0.2% increase. The annual core CPI rate fell to 2.6% from 2.9%, lower than the forecasted 2.8%. While the positive CPI report initially helped gold prices rebound to around $4,100, recent escalating tensions between the US and Iran have shifted focus back to the inflationary impact of rising oil prices. Higher oil prices keep the possibility of a Fed rate hike later this year on the table, capping gold's upside potential. Read more : blog ngoại hối - https://blogngoaihoi(.)co/