Gold holding overnight gains above $4,100 even as US PPI rises 6.3% in September - Kitco

TL;DR: Gold held above $4,100 as the U.S. Producer Price Index surged 6.3% YoY in September, underscoring lingering inflation pressure.

The Details

The metal’s overnight resilience above the $4,100 mark suggests continued safe‑haven demand amid higher‑than‑expected producer‑price growth. A 6.3% rise in the September PPI signals that wholesale inflation remains elevated, which could keep the Federal Reserve cautious on monetary tightening. Both factors tend to weigh on risk assets, including equities and cryptocurrencies, while bolstering gold’s appeal.

Watch For

• Upcoming U.S. CPI release and its impact on inflation expectations.
• Federal Reserve policy meeting and potential rate decision.
• Gold’s technical support around $4,050 and resistance near $4,200.