Gold slipped off its Asian session highs in European trading on 13 August 2026, easing 0.4% to $4,388 as buyers struggled to force a firm break above $4,400. The move came alongside a tentative dollar and a broader market mood held in check by the stalled US-Iran conflict, with a benign July CPI print giving traders little else to work with.
Gold eased 0.4% to $4,388 in European trading, retreating from its Asia session highs. Buyers continue to try to push the metal above the $4,400 mark this week, but the move has yet to find a decisive spark.
A benign CPI leaves markets without direction
The July US CPI report came in benign, and that isn't giving traders much to work with heading into the second half of the week. The US dollar recovered from overnight lows late in the prior session before trading sideways through the European morning.
EUR/USD held a narrow range, up 0.1% to 1.1535, while USD/JPY stayed little changed around the 159.20-159.30 area.
Oil drops and yields ease on stalled US-Iran talks
WTI crude fell 2% to $81.58, pressured by continued lack of progress in the US-Iran conflict. As such, the broader market mood stays tentative even though oil prices are trading down. Meanwhile, 10-year Treasury yields dropped 1.7 basis points to 4.675%, moving off their own highs.
Still, none of this is hinting at much beyond a pause in sentiment while markets await further headlines. European equities held steady with modest gains, and S&P 500 futures pushed 0.2% higher on the day.
Attention now turns to the US weekly jobless claims and PPI data due next.
Source: Investinglive RSS Breaking News Feed
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