10.09.2025 19:25
Gold is presently holding firm near the $3,650 mark, positioning itself tantalizingly close to its all-time record of approximately $3,675, a peak briefly touched earlier in the week. Despite a slight retraction that saw the precious metal settle at $3,625 yesterday, it has rebounded, currently trading around $3,655, marking an impressive daily gain of roughly 0.80%. This renewed ascent follows the release of softer-than-anticipated inflation data from the United States, bolstering market speculation regarding the Federal Reserve's monetary policy trajectory.
A significant surprise emerged from the August U.S. Producer Price Index (PPI) figures. The headline PPI surprisingly declined by 0.1% month-over-month, starkly contrasting with forecasts for a 0.3% increase. Furthermore, July's reading was revised downwards from 0.9% to a 0.7% gain. On an annual basis, headline inflation eased to 2.6%, falling short of the projected 3.3%. Similarly, the core PPI, which excludes volatile food and energy components, also registered a 0.1% monthly dip against expectations of a 0.3% rise, with its annual rate sharply decelerating to 2.8% from 3.7%.
These disinflationary signals have intensified bets on a rate reduction by the Federal Reserve in its upcoming meeting, though they offered limited justification for a more aggressive cut. Investors are now keenly awaiting Thursday's Consumer Price Index (CPI) release, which serves as the final inflation gauge before the central bank's critical policy deliberations. While a rate cut next week is broadly anticipated across financial markets, these forthcoming inflation metrics will be instrumental in calibrating expectations for the pace and scope of any further monetary easing beyond September.
From a technical standpoint, gold maintains a robust bullish configuration, with immediate support identified at $3,617, followed by a more substantial floor at $3,556. Beyond these technical indicators, the yellow metal continues to draw strength from a confluence of underlying factors. A generally subdued US Dollar renders gold more appealing to international buyers, while central banks consistently augment their gold reserves, underscoring its enduring role as a strategic asset. Escalating global trade disputes, primarily stemming from U.S. tariff policies, coupled with persistent geopolitical instabilities, further solidify gold's appeal as a safe-haven investment.
