<h2 id="inflation-comes-in-as-expected">Inflation Comes in as Expected</h2>
<p>US inflation data for July landed in line with forecasts on Wednesday, offering markets little in the way of surprise. <cite>The Consumer Price Index for All Urban Consumers rose 0.1% on a seasonally adjusted basis in July, with the all-items index up 3.4% over the last 12 months, the Bureau of Labor Statistics reported.</cite><cite>The annual rate slowed for a second consecutive month, down from 3.5% in June.</cite><cite>Stripping out food and energy, the core index rose 0.2% for the month and 2.5% over the year.</cite></p>
<p><cite>All readings were in line with Dow Jones consensus forecasts, and the tame monthly figures, coupled with similarly moderate levels in June, indicate that the energy-fueled burst earlier in the year is easing, though prices remain volatile and subject to changing conditions.</cite><cite>The Federal Open Market Committee does not meet again until September, giving policymakers an additional month of data to digest before their next rate decision.</cite></p>
<h2 id="gold-climbs-bitcoin-holds-steady">Gold Climbs, Bitcoin Holds Steady</h2>
<p>Gold was the clearer beneficiary of the benign print. The metal added 0.60% to $4,407.54 an ounce on the day, with silver rising 0.77% in tandem. <cite>Earlier in the session, gold was valued at $4,419.63 per ounce, a gain of more than $1,070 over the past year.</cite><cite>Lower rate expectations reduce the opportunity cost of holding gold, which pays no interest, while persistent inflation concerns, central-bank buying, and geopolitical tension have added to safe-haven demand.</cite></p>
<p><a href="https://x.com/search?q=%24BTC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$BTC</a> told a different story. Bitcoin traded at $63,479, down 0.21% on the day, even as 24-hour volume climbed 9.52% to $22.41 billion. Gold has gained 7.84% over the past 30 days and sits 13.10% below its level from six months ago, underlining the divergence between the two assets this year. <cite>Bitcoin has behaved more like a risk asset than a safe haven in recent months, remaining stuck in a narrow trading range of roughly $60,000 to $65,000 while gold has rallied on geopolitical tensions and inflation concerns.</cite><cite>A softer inflation reading could reduce pressure on the Fed to raise interest rates, a potentially supportive backdrop for risk assets such as Bitcoin going forward.</cite></p>
<p><strong>Sources:</strong><br><a href="https://www.bls.gov/news.release/cpi.nr0.htm" rel="noopener noreferrer nofollow">US Bureau of Labor Statistics: Consumer Price Index Summary, July 2026</a><br><a href="https://www.cnbc.com/2026/08/12/cpi-inflation-report-july-2026.html" rel="noopener noreferrer nofollow">CNBC: CPI Inflation Report July 2026</a><br><a href="https://fortune.com/article/current-price-of-gold-08-12-2026/" rel="noopener noreferrer nofollow">Fortune: Current Price of Gold, August 12, 2026</a></p>

Gold edged higher after in-line US inflation data while Bitcoin stayed flat

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