CWG Market Insight: US CPI Meets Expectations, Gold Holds Above 4,400; Dollar Index Awaits Inflation Path Confirmation

13 Aug, 2026

At the 08:40 Beijing cutoff, spot-gold bid was 4,436.70 and delayed DXY was 99.93. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1529, 1.3497, 0.7065, 159.34. Source timestamps differ; this is not a sy

Time convention: The report uses Beijing time throughout while source-native timing stays in the fields.
CWG Markets · Daily Insight
XAU/USD
4,436.70
+29.00 (+0.66%)
DXY
99.93
-0.09 (-0.09%)
EUR/USD
1.1529
+0.0002 (+0.02%)
GBP/USD
1.3497
+0.0001 (+0.01%)

Market overview

At the 08:40 Beijing cutoff, spot-gold bid was 4,436.70 and delayed DXY was 99.93. EUR/USD, GBP/USD, AUD/USD and USD/JPY were 1.1529, 1.3497, 0.7065, 159.34. Source timestamps differ; this is not a synchronized snapshot.

Key takeaway

July U.S. CPI is confirmed: headline +0.1% m/m and +3.4% y/y; core +0.2% m/m and +2.5% y/y. Ahead of tonight's PPI, the dollar, gold and major FX pairs may keep repricing the inflation path; any range break needs live confirmation.

Core market data

Asset Latest Change Interpretation
XAU/USD 4,436.70 +29.00 (+0.66%) spot gold bid; support 4,407.70 / 4,361.70; resistance 4,449.90 / 4,475.00.
[S1] 2026-08-13 08:40 Beijing Time · verified
DXY 99.93 -0.09 (-0.09%) delayed U.S. Dollar Index cash-index reference; support 99.92 / 99.75; resistance 99.96 / 100.01.
[S2] 2026-08-13 08:34 Beijing Time · verified
EUR/USD 1.1529 +0.0002 (+0.02%) spot FX reference quote; support 1.1522 / 1.1500; resistance 1.1533 / 1.1550.
[S3] 2026-08-13 08:04 Beijing Time · verified
GBP/USD 1.3497 +0.0001 (+0.01%) spot FX reference quote; support 1.3489 / 1.3470; resistance 1.3499 / 1.3520.
[S4] 2026-08-13 07:48 Beijing Time · verified
AUD/USD 0.7065 +0.0001 (+0.01%) spot FX reference quote; support 0.7058 / 0.7040; resistance 0.7068 / 0.7085.
[S5] 2026-08-13 08:34 Beijing Time · verified
USD/JPY 159.34 -0.09 (-0.05%) spot FX reference quote; support 159.29 / 159.00; resistance 159.52 / 159.80.
[S6] 2026-08-13 08:24 Beijing Time · verified
Sources: [S1] Kitco Gold Price Chart · [S2] MarketWatch DXY · [S3] MarketWatch EUR/USD · [S4] MarketWatch GBP/USD · [S5] MarketWatch AUD/USD · [S6] MarketWatch USD/JPY

Market review

July U.S. CPI was Headline +0.1% m/m, +3.4% y/y; core +0.2% m/m, +2.5% y/y; real earnings showed Real hourly earnings -0.1% m/m and -0.2% y/y; real weekly earnings unchanged m/m. Latest official H.15 closes: 2Y 4.22%, 10Y 4.70%, 30Y 5.24%.

1 Inflation data confirmed

July U.S. CPI was Headline +0.1% m/m, +3.4% y/y; core +0.2% m/m, +2.5% y/y. No unverified forecast is added.

2 Non-synchronous quotes

DXY is delayed, gold is a spot bid and FX values are separate page references; timestamps must be read independently.

Market dynamics

1 Gold range

Gold bid is 4,436.70 within the verified 4,361.70-4,449.90 day range.

2 Treasury curve

Latest official closes are 2Y 4.22%, 10Y 4.70% and 30Y 5.24%.

3 Tonight's key event

July U.S. PPI is scheduled for 08-13 20:30 Beijing Time; no actual value was available at cutoff.

Sources: [S1] Kitco · [S2] MarketWatch DXY · [S7] Federal Reserve H.15

Economic calendar - confirmed times only

Beijing time Region Confirmed event Status
08-13 20:30 US U.S. PPI - July Time verified; not released at cutoff
08-18 20:30 US U.S. import and export prices - July Time verified; not released at cutoff
08-21 22:00 US U.S. state employment and unemployment - July Time verified; not released at cutoff
Source: [S8] U.S. BLS official 2026 release schedule

Cross-asset verified comparison

Technical levels

Levels use only the latest verified references. Recheck live prices and spreads before acting.

Asset Reference Resistance Support Invalidation
DXY 99.93 99.96 / 100.01 99.92 / 99.75 Below 99.75
EUR/USD 1.1529 1.1533 / 1.1550 1.1522 / 1.1500 Below 1.1500
GBP/USD 1.3497 1.3499 / 1.3520 1.3489 / 1.3470 Below 1.3470
USD/JPY 159.34 159.52 / 159.80 159.29 / 159.00 Below 159.00
AUD/USD 0.7065 0.7068 / 0.7085 0.7058 / 0.7040 Below 0.7040
XAU/USD 4,436.70 4,449.90 / 4,475.00 4,407.70 / 4,361.70 Below 4,361.70

Released data

U.S. CPI - July Headline +0.1% m/m, +3.4% y/y; core +0.2% m/m, +2.5% y/y [S9]
U.S. real earnings - July Real hourly earnings -0.1% m/m and -0.2% y/y; real weekly earnings unchanged m/m [S10]
U.S. Employment Situation - July Payrolls -23,000; unemployment 4.1%; hourly earnings +3.2% y/y [S11]
U.S. Q2 real GDP, advance +1.5% annualized; Q1 +2.1% [S12]

Conditional scenarios

Trigger Confirmation Invalidation Path
DXY above 100.01 Gold below 4,407.70 and EUR/USD below 1.1500 DXY below 99.75 A firmer dollar may pressure gold and non-dollar currencies.
DXY below 99.75 Gold above 4,449.90 and EUR/USD above 1.1533 DXY back above 100.01 A softer dollar may allow gold and non-dollar currencies to recover.

Not a trading instruction. Confirm all triggers with live platform data.

Hot markets: charts and key ranges

Four panels cover XAU/USD, EUR/USD, GBP/USD, AUD/USD and position each reference within its verified day range; they do not depict an intraday path.

This material is provided for general market commentary only. It does not constitute investment advice, an offer to trade, or a guarantee of returns. Leveraged products involve a high degree of risk and may result in losses.
 

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