US producer prices (PPI) with jobless claims: gold before and after
Before and after Release: Thu Aug 13, 2026, 08:30 ET (2026-08-13 12:30 UTC)
Also in this release: PPI m/m, Unemployment Claims.
Before the release
What it is and why gold cares
The Producer Price Index measures prices received by US producers, an early read on inflation in the pipeline. It reaches gold mostly through rate pricing and often comes out a day before or after CPI.
The consensus figures for this release were not archived (our calendar archive starts on Oct 4, 2026), so this page compares the result with the previous value only.
| Line | Consensus | Previous |
|---|---|---|
| Core PPI m/m | n/a | 0.2% |
| PPI m/m | n/a | -0.3% |
| Unemployment Claims | n/a | 199K |
How gold reacted to past PPI releases
In the 12 past PPI releases in our data since Apr 2025, gold futures moved a median of $3.5 (up or down) in the first 5 minutes and $5.1 after 30 minutes. The median high-to-low range in the first hour was $18.7, the largest $35.6. The direction of the first 5 minutes was still in place after 60 minutes in 5 of 11 cases. This describes past releases only, measured on our own 1-minute futures data.
| Release | 5-min move | 60-min move | 60-min range |
|---|---|---|---|
| Wed Jul 15, 2026 | +$15.4 | +$16.8 | $35.6 |
| Thu Jun 11, 2026 | -$6.7 | +$6.9 | $28.9 |
| Wed May 13, 2026 | -$5.3 | +$0.9 | $20.0 |
| Tue Apr 14, 2026 | +$6.7 | +$14.9 | $31.6 |
| Wed Jan 14, 2026 | -$2.3 | +$2.6 | $15.4 |
| Tue Nov 25, 2025 | +$3.0 | -$7.5 | $18.7 |
Where price sat before the release
At Thu Aug 13, 2026, 08:15 ET, gold futures traded at 4,446.0 GC (≈4,421 XAUUSD), below the previous day's value area (≈4,434 to ≈4,465 XAUUSD, 4,459.0 to 4,490.1 GC), below the daily VWAP (≈4,430 XAUUSD, 4,455.5 GC) and above the weekly VWAP (≈4,420 XAUUSD, 4,445.4 GC).
| Level | GC | XAUUSD | Distance | |
|---|---|---|---|---|
| Above | Daily VWAP | 4,455.5 | ≈4,430 | +$9.5 |
| Above | London high | 4,454.2 | ≈4,429 | +$8.2 |
| Above | New York high | 4,448.9 | ≈4,424 | +$2.9 |
| Below | Weekly VWAP | 4,445.4 | ≈4,420 | -$0.6 |
| Below | New York low | 4,442.5 | ≈4,417 | -$3.5 |
| Below | Developing daily POC | 4,441.3 | ≈4,416 | -$4.7 |
Nearest reference levels from futures volume: above, New York high at 4,448.9 GC (≈4,424 XAUUSD), $2.9 away; below, Weekly VWAP at 4,445.4 GC (≈4,420 XAUUSD), $0.6 away. These are levels to watch around the release, places where price reacted before; they are not forecasts.
Spreads and volatility
Around a release, spreads on XAUUSD CFDs often widen, prices can jump several dollars between two ticks and stop orders can fill far from their price. In past PPI releases the release minute alone had a median high-to-low range of $7.9.
This BEFORE section was rebuilt after the fact from the data available 15 minutes before the release (backfilled page). XAUUSD equivalents use the GC to XAUUSD gap of -25.32 measured at that time; your broker's price can differ by a few dollars.
After the release
| Line | Consensus | Actual | Surprise | Previous |
|---|---|---|---|---|
| Core PPI m/m | n/a | 0.2% | n/a | 0.2% |
| PPI m/m | n/a | 0.0% | n/a | -0.3% |
| Unemployment Claims | n/a | 209K | n/a | 199K |
Core PPI m/m: 0.2%, previous 0.2% (revised to 0.4% in this release).
PPI m/m: 0.0%, previous -0.3% (revised to -0.1% in this release).
Unemployment Claims: 209K, previous 199K (revised to 200K in this release).
Gold futures (GC) 1-minute candles, 30 minutes before to 60 minutes after the release; dashed lines are levels known before the release. Right axis: XAUUSD equivalent.
The measured reaction
Gold futures were at 4,447.8 GC (≈4,422 XAUUSD) just before 08:30 ET. After 1 min -$1.0; after 5 min +$0.6; after 15 min +$0.8; after 30 min +$11.1; after 60 min -$6.1. The first-hour range was $22.9: high 4,460.0 GC (≈4,435 XAUUSD) at +1 min, low 4,437.1 GC (≈4,412 XAUUSD) at +3 min.
| Time | GC | XAUUSD | Move |
|---|---|---|---|
| Before (08:29 close) | 4,447.8 | ≈4,422 | |
| +1 min | 4,446.8 | ≈4,421 | -$1.0 |
| +5 min | 4,448.4 | ≈4,423 | +$0.6 |
| +15 min | 4,448.6 | ≈4,423 | +$0.8 |
| +30 min | 4,458.9 | ≈4,434 | +$11.1 |
| +60 min | 4,441.7 | ≈4,416 | -$6.1 |
| First-hour high (+1 min) | 4,460.0 | ≈4,435 | +$12.2 |
| First-hour low (+3 min) | 4,437.1 | ≈4,412 | -$10.7 |
Volume and order flow
The release minute traded 1,004 contracts, 16.2 times the median minute of the half hour before (62). Net delta (aggressive buying minus aggressive selling): +30 over 1 min, +371 over 5 min, +299 over 15 min.
No order-book recording is available for this release, so big orders and icebergs are not shown.
Levels: held, swept or broken
Levels known before the release, in the order price reached them: Weekly VWAP (≈4,420 XAUUSD, 4,445.4 GC) broken at +1 min: price went $8.3 through it and was still beyond it at +60; New York high (≈4,425 XAUUSD, 4,450.4 GC) swept at +1 min: price went $9.6 through it, then was back on the original side by +60; London high (≈4,429 XAUUSD, 4,454.2 GC) swept at +1 min: price went $5.8 through it, then was back on the original side by +60; Daily VWAP (≈4,430 XAUUSD, 4,455.3 GC) swept at +1 min: price went $4.7 through it, then was back on the original side by +60. 3 more levels were reached (table).
| Level | GC | XAUUSD | Reached | Result | Through |
|---|---|---|---|---|---|
| Weekly VWAP | 4,445.4 | ≈4,420 | +1 min | broken | $8.3 |
| New York high | 4,450.4 | ≈4,425 | +1 min | swept | $9.6 |
| London high | 4,454.2 | ≈4,429 | +1 min | swept | $5.8 |
| Daily VWAP | 4,455.3 | ≈4,430 | +1 min | swept | $4.7 |
| Prev day VAL | 4,459.0 | ≈4,434 | +1 min | swept | $1.0 |
| New York low | 4,441.0 | ≈4,416 | +2 min | swept | $3.9 |
| Developing daily POC | 4,441.8 | ≈4,416 | +2 min | broken | $4.7 |
Compared with past releases
Compared with the 12 past PPI releases in our data: the 5-minute move ($0.6) was larger than 1 of 12 (median $3.5), and the first-hour range ($22.9) was larger than 9 of 12 (median $18.7).
By +60 minutes
At +60 minutes gold futures were at 4,441.7 GC (≈4,416 XAUUSD), -$6.1 from the pre-release price. The first 5-minute move (up $0.6) was fully retraced: price was back at the pre-release level at +6 min. At +60 price was on the other side of the pre-release level.
XAUUSD equivalents use the GC to XAUUSD gap of -25.32 at the release (AK Command (latest)); dollar moves are the same for both.
Sources: Release time: ALFRED release dates (backfilled page; dated releases are checked against FRED or the volume burst in our data); Actual values: FRED / ALFRED first prints and Federal Reserve statements; Prices, volume and delta: COMEX gold futures (GC) 1-minute data, AK Order Flow. Times are New York (ET); the release time is also shown in your time zone.
Education only. Not financial advice. Trading futures and CFDs carries a high risk of loss.