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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

14 July 2026 12:46  |

CPI Under All Eyes, Gold Freezes!

Gold prices held around US$4,028 after falling sharply ahead of the European session on Tuesday (July 14th). Pressure came from the Middle East conflict, the US blockade of Iran, and the surge in oil prices, which has rekindled inflation concerns.

The Fed's comments opening the door to an interest rate hike further weighed on gold. Market focus is now on the US CPI data and Kevin Warsh's testimony. If inflation flares up, gold could come under further pressure, but the US$4,000 area remains a key level to maintain. (asd)

Gold Price at the Time of This Analysis' Release: $4,028

- Buy if the price moves to $4,035

- Sell if the price moves to $4,022

Resistance 2: $4,047

Resistance 1: $4,041

Support 1: $4,016

Support 2: $4,008

Note: This article is analytical and not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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