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Gold ticks higher with focus on US inflation data

UNITED STATES, JUL 15 – Economists forecast US inflation to rise to 2.7% annually in June due to tariffs on imports, affecting prices and complicating Federal Reserve policy decisions.

  • Inflation likely accelerated in June 2025 as tariffs imposed by President Trump on imports, including a planned 30% tariff on the EU starting August 1, began affecting prices in the U.S.
  • This acceleration follows a period when core inflation fell from 3.3% in January to 2.8% in May, a rate still above the Fed's 2% target despite tariffs not noticeably pushing inflation earlier.
  • Companies, including Mitsubishi and Nike, responded to tariffs by raising prices or planning 'surgical' price hikes while many built stockpiles and delayed large automation investments amid economic and trade policy uncertainties.
  • Interact Analysis revised down its 2025 U.S. market forecast for mobile robots by 10%, citing tariffs and uncertainties causing slower adoption and a CAGR drop from 26% to 21%, while Fed officials observe inflation trends before adjusting rates.
  • The inflation rise could present political challenges for President Trump, who repeatedly demands Fed Chair Powell cut interest rates to ease housing affordability, though Fed officials remain cautious amid tariff-driven inflation risks.
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Watauga DemocratWatauga Democrat
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US consumer inflation accelerates as tariff scrutiny grows

US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy.

·Calhoun, United States
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The Registry broke the news in on Monday, July 14, 2025.
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