Gold prices continue to trade near $4,400 after the market digested the PPI figures, with attention now on the Consumer Price Index, or CPI, due today, to gauge inflation pressures and the Fed's rate path. If CPI comes in above expectations, it could strengthen the case for rate hikes and weigh on gold prices, while a softer-than-expected inflation reading would ease rate pressure and give gold room to recover. Oil prices remain elevated after tensions between the United States and Iran showed signs of escalating, with Brent crude trading above $100 a barrel, a factor still capping gold's short-term recovery. Meanwhile, the U.S. Treasury announced a bond buyback plan of up to $6 billion, roughly three times the normal level, to boost market liquidity, though the 10-year Treasury yield sits around 4.841% and the 30-year around 5.307%. Technically, gold is still moving within a $4,300–$4,500 range, with key support at $4,350–$4,300 and resistance at $4,400 and $4,500. For Thai gold, traders are waiting to buy on dips near support at 67,750–66,950 baht and to take profits in stages as prices recover toward resistance at 69,200–70,000 baht.
10Y yield sits around 4.841% while markets await CPI for the Fed's rate path; Treasury's $6B buyback aims to boost liquidity.
30Y yield around 5.307% with direction hinging on today's CPI print and Fed rate expectations.
