Gold prices today, October 12th: Upward outlook ahead of important US news. - Vietnam.vn

AI desk brief

Gold recovered into the week’s close after a volatile swing from $4,142/oz to a low of $4,066/oz and back to a peak near $4,207/oz; spot finished around $4,195/oz and Dec-2026 futures near $4,220/oz. The move was driven by weaker USD and bond yields, softer oil on US-Iran negotiation news, and rising inflation expectations, while $4,200/oz is being treated as near-term resistance.

Near-term direction now hinges on next week’s US CPI and PPI prints, plus regional manufacturing surveys and Fed Chair Kevin Warsh’s remarks. Analysts cited in the piece see CPI as the key short-term catalyst for gold because it will shape the medium-term Fed path.