Gold Prices Near $4,400 as Traders Await US Inflation Data

Gold prices are nearing $4,400 as traders await the release of US inflation data that could determine whether gold's rebound has further room to run.

Spot gold rose 0.5% to about $4,387 an ounce in Asian trading, holding close to the two-month high reached a day earlier.

The recent geopolitical tensions have brought safe-haven demand back into focus, and analysts expect investment flows to remain the main source of gold-demand growth through the rest of 2026.

Central banks are also expected to remain significant purchasers, with global physically backed gold exchange-traded funds attracting about $3 billion in July.