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

10 August 2026 11:12  |

Gold Corrects as Market Awaits US Inflation Data

Gold prices are currently undergoing a correction after briefly touching a seven-week high, as market participants engage in profit-taking while awaiting US inflation data this week—specifically the CPI on Wednesday and the PPI on Thursday.

From a fundamental perspective, the correction in gold remains limited; the US dollar is hovering near a two-month low, and lower Treasury yields continue to support non-yielding assets like gold. However, if US inflation data comes in hotter than expected, expectations regarding Federal Reserve policy could shift back to a hawkish stance, putting further downward pressure on XAU/USD.

Gold price at the time of this analysis: $4,324

- Buy if the price moves to $4,332

- Sell if the price moves to $4,319

 

 

Resistance 2: $4,350

Resistance 1: $4,337

 

 

Support 1: $4,311

Support 2: $4,298

Note: This article is analytical in nature and does not constitute definitive advice. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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