Gold price today, Thursday, October 15, 2026: Lowest open all week ahead of PPI data - Yahoo Finance

AI desk brief

Gold December futures opened at $4,128.30/oz on Thursday, down 0.5% from Wednesday’s close and at the lowest open of the week, after a hotter-than-expected CPI report knocked the metal lower. The article says gold briefly traded up to $4,175.50 by 6:57 a.m. ET, but the main driver remains shifting Fed expectations: CME FedWatch moved from about an 80% chance of no hike earlier in the week to roughly 50-50 after CPI, then back to over 70% expecting rates to hold heading into the PPI print.

The setup leaves gold highly sensitive to another upside inflation surprise, which would likely reinforce higher-rate expectations and pressure bullion further. The piece also notes this is the first time in at least 1.5 years that gold’s year-over-year change has turned negative, underscoring the recent momentum break.