Gold Falls on July 15 as U.S. PPI Drops 0.3% MoM; Geopolitical Tensions Rise

According to commodity futures analysts, COMEX gold fell 0.07% to close at $4,066.9 per ounce on July 15, while Shanghai gold futures rose 0.03% to 887.42 yuan per gram. The moves reflected mixed signals from U.S. inflation data and escalating Middle East tensions.

U.S. producer prices fell 0.3% month-over-month in June, exceeding market expectations of flat readings and marking the largest decline since April 2025. Year-over-year PPI rose 5.5%, down from 6.0% in May, signaling cooling inflationary pressure that has dampened Federal Reserve rate-hike expectations and provided some support to gold. However, geopolitical risks remained elevated; according to Reuters, the U.S. intensified military strikes on Iranian coastal defense facilities after reimposing naval blockades, while Iran threatened to cut regional energy exports and characterized the conflict as a "struggle for national survival," weighing on market risk sentiment.