Gold prices today (October 11): Closing the week at a high level. - Vietnam.vn

AI desk brief

Gold rebounded 1.52% to $4,194/oz, with the move driven by a softer dollar, a pullback from extreme Treasury yield levels, and bargain buying after a midweek selloff. The article says spot gold needs to hold above $4,200/oz to attract buyers back; a break lower opens $4,100/oz and $4,000/oz, while resistance is seen near the 100-day SMA around $4,260/oz and then $4,300/oz.

Near term, analysts flag next week’s US CPI as the key catalyst: hotter inflation, especially alongside rising energy prices, could revive selling and keep the Fed on hold longer. Longer term, the piece is constructive on bullion, citing an LBMA 2026 conference survey that put the 12-month gold forecast at about $5,013.3/oz, and a UBS AM survey in which 65% of respondents said reserve diversification was the main reason for holding gold.