The rise in US inflation slowed more than expected in June, boosting gold prices. Data from the Bureau of Labor Statistics showed the US CPI rose 3.5% year-on-year in June, with core CPI up 2.6%, a clear deceleration from the previous reading and below market expectations. The CPI fell 0.4% month-on-month in June, the first monthly decline in six years and a drop far exceeding the market forecast of 0.1%. After the data release, traders pushed back their bets on a Fed rate hike to October. A research note from CICC Wealth Futures said the data spurred a notable rebound in gold, largely offsetting the impact of rising crude oil prices. If geopolitical tensions ease and oil prices fall in the near term, gold still has upward momentum. As of 11:13 on July 15, 2026, the Bosera Gold ETF (159937) was up 0.11%, trading at 8.36 yuan, with a cumulative gain of 12.38% over the past year.
Lanzhou Huanghe Enterprise Co LtdBosera Gold ETF rose on gold price boost from inflation data