Markets Mixed as Oil and Gold Rise Ahead of Crucial US Inflation Data

Global markets were mixed on August 12, as oil and gold prices rose ahead of a crucial US inflation reading. Oil prices climbed as investors awaited the data, which is expected to provide insight into the state of the economy.

The Wall Street indices pulled back from record highs, while South Korea's Kospi index surged more than 4% on renewed buying in the chip sector.

Markets are closely watching the US inflation reading, as it could impact interest rates and have a ripple effect on global economies. The data is expected to be released soon, but no specific time was mentioned in the source.