Coin World reported that due to stronger-than-expected inflation data in the United States, traders have lowered their expectations for interest rate cuts for the remainder of this year, and gold prices continue to decline. In evening trading, gold futures fell by 0.6%, while the dollar index rose by 0.4%, to $98.22 per ounce. Forex.com market analyst Fawad Razaqzada stated: "Today's PPI data shows that the PPI unexpectedly rose to 3.3% year-on-year in July, far exceeding the expected 2.5%. This has raised concerns that the impact of tariffs on inflation is finally beginning to manifest." Investors' attention will now turn to retail sales and consumer confidence data. However, in the ongoing uncertainty surrounding U.S. trade negotiations and the upcoming meeting between U.S. President Trump and Russian President Putin on Friday, gold has also gained support from safe-haven demand.