Gold Price Forecast: Softer Dollar Fuels Rebound After Hot CPI - FXEmpire

AI desk brief

Gold (XAU) rebounded toward $4,150 as the US dollar and Treasury yields eased after the CPI-driven selloff. The article says a break above $4,200 would strengthen the recovery, while a move below $3,900 would raise the risk of a deeper correction.

Near term, persistent inflation keeps the Fed rate-hike path in focus, but heavy government borrowing could limit any further rally in bond yields. The next catalysts are US PPI and retail sales, which should help define the next move in real yields and gold.