Gold in wait-and-see mode, focus on US CPI
Gold prices ticked higher on Wednesday (March 11, 2026) as safe-haven buying remained supported by ongoing geopolitical tensions, while a pause in the U.S. dollar’s rally also helped bullion hold firm ahead of key U.S. inflation data.
Spot gold rose slightly to around $5,198 per ounce, even as U.S. gold futures for April dipped—highlighting a cautious, wait-and-see tone in the market with traders focused on the upcoming U.S. CPI release as the next major catalyst for Fed expectations.
Support for gold also came as inflation jitters eased after oil prices cooled, following discussion around potential supply-side measures, including the International Energy Agency’s proposal related to a large release of oil reserves—reducing near-term inflation pressure that had recently lifted yields and the dollar.
Still, the geopolitical backdrop remains a key floor under bullion. Reuters noted that continued U.S.-Israel airstrikes on Iran and the broader uncertainty around regional energy flows have kept risk elevated, reinforcing gold’s role as a hedge—especially with markets still highly headline-driven.
In other precious metals, moves were mixed: silver and platinum slipped, while palladium edged higher, reflecting selective positioning rather than a broad-based metals rally.
Source : Newsmaker.id
