July 2026 U.S. inflation data will be released on Wednesday, August 12, with Producer Price Index figures following Thursday. After June’s decline, investors are watching for a similar trend. The U.S. dollar fell to a two-month low, while gold rose. July’s job losses, combined with lower inflation, could lead the Federal Reserve to hold rates. However, risks from the U.S.-Iran war and new tariffs may push inflation higher, potentially prompting a rate hike later this year.
The July 2026 U.S. inflation data is due on Wednesday, August 12, 2026. Investors and institutions will look for clues on the Federal Reserve’s potential stance after the Consumer Price Index figures are released.
Producer Price Index numbers will follow a day later, on Thursday. Inflation went down in June 2026, and many are hoping for a similar trend again.
The U.S. dollar fell to a two-month low on Monday, while gold saw a rise. The U.S. economy also shed jobs in July, compared to gains in May and June.
Falling inflation figures in June and the dip in jobs in July may lead to a rate hold from the Federal Reserve if CPI figures come in lower than expected. According to Tim Waterer, chief market analyst at KCM Trade, “The weak U.S. jobs data reduced fears of an imminent rate hike and gave the metal a spark. This looks like a natural stabilization – I expect gold to remain supported above the $4,300 level in the near term.”
Waterer believes gold could rise higher if inflation drops further. He stated, “Soft readings would strengthen the case for a rate hold and clear a path for further upside in gold… Middle East uncertainty remains a lingering risk factor, as any renewed escalation that drives oil prices up could quickly pressure the metal.”
Several risks remain. The U.S.-Iran war caused a spike in oil prices last month, and oil prices directly impact inflation numbers. President Trump also went on another tariff spree that could negatively affect inflation figures.
If inflation comes in higher than anticipated, a rate hike could occur sometime this year.
