Gold Price Forecast: Higher-Than-Expected CPI Weighs on Gold, Can PPI Push Gold Back to $4,200? - TradingKey

AI desk brief

Gold rebounded to around $4,160 after sliding to a one-week low of $4,073.41 on hotter-than-expected September U.S. CPI, which lifted the dollar and Treasury yields and briefly pushed Fed rate-hike odds higher. Near term, the market is focused on today’s U.S. PPI print: a hotter reading could revive downside pressure toward $4,100 and $4,066, while a softer result could extend the recovery toward $4,200–$4,230.

The article flags strong support in the $4,066–$4,100 zone and resistance at $4,160, then $4,200–$4,230. The tradeable message is that gold remains vulnerable to further macro repricing if upstream inflation stays firm, with PPI now the key catalyst after CPI surprised to the upside.