Gold Price Prediction: Peter Schiff Calls $4,145 a Gift as US Inflation Hits 3.7% - Coinpaper

AI desk brief

Gold slipped on stronger-than-expected US inflation data and firmer rate expectations, with spot around $4,165/oz on Friday after a weekly decline of roughly 0.7%. Peter Schiff framed $4,145 as a buying opportunity, but the immediate market reaction has favored interest-bearing assets as Treasury yields stay elevated.

The macro backdrop was firmer across the board: September CPI rose 3.7% y/y versus 3.6% expected, PPI jumped 1.3% m/m for the biggest monthly gain since March 2022, and import prices rose 1.1% m/m. Traders are watching whether gold can reclaim $4,200; failure to hold $4,145 could expose the $4,000 psychological level, while a sustained move back above $4,200 would improve momentum.