XAUUSDGold (XAU/USD)
4,707.60
-0.27%
Past
What happened
Gold held near $4,708, essentially flat despite a surging dollar and rising yields -- a notable show of resilience.
Why
Why it matters
The inflation backdrop is gold's friend even as yields rise; real rates matter more than nominal, and PPI running hot keeps the stagflation hedge bid alive.
Watch
What to watch
CPI follow-through tomorrow -- if core comes in above 3.5%, gold likely breaks $4,750; a downside surprise could see profit-taking to $4,650.
HEADLINES