Gold (XAUUSD) $4349.70/oz
Updated 9/11/2026, 11:03:30 PM
Gold remains supported structurally by relentless central bank purchases, heightened geopolitical tensions, and de-dollarization dynamics. However, headwinds from elevated 10Y real yields at 2.46%, nominal 10Y yields near 4.97%, and virtually eliminated Fed rate-cut expectations create intermediate consolidation pressure. This keeps XAUUSD trapped below its 200DMA near $4526.92 while defending major support above its 50DMA.
Events weighed
- •2026-06-16 WGC Central Bank Reserves Survey: 89% of central banks expect higher global official gold reserves (Bullish)
- •2026-08-28 Goldman Sachs Commodities Update: Central bank buying forecast at 50-100t/month drives year-end target to $4900 (Bullish)
- •2026-09-04 WGC Reserve Flow Data: Poland adds 8t in July, reaching 640t total reserves (Bullish)
- •2026-09-09 US 10Y TIPS Yield rises to 2.46% alongside 10Y nominal yields at 4.97% (Bearish)
- •2026-09-11 FOMC September Outlook: Swaps pare rate-cut odds to 0% with 45% probability of a 25 bps rate hike (Bearish)
Score runs 0–100: 50 is neutral, above 60 leans bullish for gold, below 40 leans bearish.