International gold prices, which plunged as U.S. inflation topped market expectations, rebounded in - 매일경제

AI desk brief

Gold rebounded after a sharp CPI-driven selloff, with spot trading at $4,158.63/oz in Asia, up 1.3%, and December Comex futures at $4,180/oz, up 1.8%. The previous day gold fell to $4,084.80/oz as U.S. September CPI rose 3.7% y/y versus 3.6% expected, while the dollar index climbed to 102.528 and Treasury yields rose on fears of a longer-high-rate Fed backdrop.

The move then reversed as the dollar eased in Asian trading and Fed officials were seen as cautious on further hikes. The piece flags U.S. inflation persistence, especially energy-led price pressure, as the main near-term risk to gold via higher real-rate expectations, while a softer dollar and a contained won could cushion domestic KRX gold demand; local gold was around 179,620 won/g, up 0.25%.