Gold Price Today, October 12, 2026: Spot Gold Falls as Dollar Strength Weighs on Bullion - Depor

AI desk brief

Spot gold was weaker on Oct. 12, with Kitco showing a $4,163.90/oz bid at 11:02 a.m. EDT, down $29.70 (-0.71%), while Reuters earlier cited gold at $4,172.36/oz at 9:44 a.m. EDT. The move was framed as USD-led pressure, with a firmer dollar and rising oil prices weighing on bullion as traders waited for the Sept. CPI/PPI and retail sales reports to refine Fed expectations.

Near term, the setup is bearish for gold if dollar strength persists and inflation data do not materially revive rate-cut expectations. The article offers no fresh positioning or flow data, but it does flag the key catalysts: U.S. CPI on Oct. 14, then PPI and retail sales on Oct. 15.