Gold (XAUUSD) $4349.70/oz
Updated 9/12/2026, 10:01:03 PM
Gold trades around $4,349.70 under a mixed macro backdrop where elevated 10Y real yields (2.55%) and hawkish Fed policy ahead of the September FOMC meeting create intermediate headwinds. However, strong physical backing from August ETF inflows, stubborn core inflation, and enduring central bank demand offer sturdy downside support. The market remains caught between restrictive rates and long-term structural dollar debasement protection.
Events weighed
- •2026-08-31: North American gold ETFs record $7.7bn in August net inflows — Bullish for Gold
- •2026-09-11: 10-year TIPS real yield holds at an elevated 2.55% — Bearish for Gold
- •2026-09-16: Upcoming FOMC rate decision with 1% cut odds and restrictive policy expectations — Bearish for Gold
Score runs 0–100: 50 is neutral, above 60 leans bullish for gold, below 40 leans bearish.