US July PPI put pressure on gold futures, but the expectation that the Fed will cut the interest rate supported gold prices US PPI increased by 0.9% in July, according to the data from the data from the Bureau of Labor Statistics. Strong PPI put pressure on gold futures. In addition, the probability that the Fed will cut the interest rate in September reached 90%, according to the data from the CME’s FedWatch. #GOLD #GOLD_UPDATE #US #PPI #HotJulyPPI