Gold bounces above $4,100 as buyers step in ahead of US CPI
The post Gold bounces above $4,100 as buyers step in ahead of US CPI appeared on BitcoinEthereumNews.com.
Gold price recovers some ground on Thursday after posting back-to-back bearish daily candles, courtesy of traders booking profits ahead of the release of September’s US inflation report, along with a slight tempering of US President Donald Trump’s trade rhetoric on China. XAU/USD trades at $4,145, up more than 1.10% at the time of writing. Bullion recovers 1% after sharp profit-taking, supported by fresh sanctions and easing trade tone Market mood has improved, but it is not an excuse for Bullion buyers to step in to drive Gold spot past the $4,100 milestone. Geopolitics increased ebbs and flows towards the yellow metal as Trump imposed sanctions on Russia, related to Ukraine’s war, targeting oil companies Lukoil and Rosneft. Late on Wednesday, sources revealed that the White House is planning to restrict China’s access to software made by US companies as a response to China’s export controls on rare-earth and port fees on US-flagged ships. Gold, despite posting its biggest loss on Tuesday in five years, remains up 57% in the year. Market participants now eye the release of the US Consumer Price Index (CPI) for September on Friday, with economists estimating headline and core CPI at 3.1% YoY. Daily market movers: Gold rallies despite strong Dollar, high US yields Bullion prices are ignoring that the US Dollar Index (DXY), which tracks the performance of the buck versus six currencies, is up 0.13% to 99.01. The US 10-year Treasury note yield is also climbing, up four basis points to 3.997%. US real yields — which correlate inversely to Gold prices — are surging near four and a half basis points to 1.717%. September’s Existing Home Sales in the US grew 1.5%, exceeding August’s -0.2% contraction, with sales coming at 4.06 million , up from 4 million. On Thursday, JPMorgan forecast that Gold…
Filed under: News - @ October 23, 2025 7:28 pm