As the US is about to release a key inflation report, the price of gold broke through 4,400 US dollars per ounce in the intraday session on Tuesday. The report may provide new clues about the Federal Reserve's intention to raise interest rates. Following a cumulative increase of 3.6% over the previous two trading days, the price of gold rose slightly in early trading. It broke through the 100-day moving average on Monday, triggering technical buying, adding signs of recovery after bottom buyers emerged and Chinese gold ETFs received capital inflows. Traders are turning their attention to the latest US inflation data to be released on Wednesday. According to the median forecast of economists surveyed by the media, the much-publicized CPI is expected to rise 0.1% in July, compared to a 0.4% decline in the previous month. After the US released a weak employment report last Friday, a moderate increase in prices may help ease the Fed's inflation anxiety.

As the US is about to release a key inflation report, the price of gold broke through 4,400 US dollars per ounce in the intraday session on Tuesday. The report may provide new clues about the Federal Reserve's intention to raise interest rates. Following a cumulative increase of 3.6% over the previous two trading days, the price of gold rose slightly in early trading. It broke through the 100-day moving average on Monday, triggering technical buying, adding signs of recovery after bottom buyers emerged and Chinese gold ETFs received capital inflows. Traders are turning their attention to the latest US inflation data to be released on Wednesday. According to the median forecast of economists surveyed by the media, the much-publicized CPI is expected to rise 0.1% in July, compared to a 0.4% decline in the previous month. After the US released a weak employment report last Friday, a moderate increase in prices may help ease the Fed's inflation anxiety.