Gold December Futures (GC=F) opened at $4430 on Wednesday, down 0.2% from Tuesday's close. Influenced by last week's weaker-than-expected jobs report and market expectations for today's July CPI report, gold prices have now risen to $4470.40. Economists expect the July CPI annual rate to slow to 3.4% from 3.5% in June, with a month-over-month increase of 0.1%.