Overview
- Spot gold slid roughly 0.5–0.7% to about $4,160–$4,185 per ounce during the Oct. 12–13 sessions as the dollar strengthened and Treasury yields moved higher.
- Traders are watching the 200‑ and 100‑hour moving averages near $4,168 and $4,153 as immediate technical tests to judge whether sellers keep control.
- Global physically backed gold ETFs and central banks continued to buy in recent months, with about $10 billion of ETF inflows in September and roughly 289 tonnes of central‑bank purchases in Q2 2026, providing a structural floor for prices.
- Local factors changed retail rates in South Asia, where RBI currency measures and a stronger rupee pushed Indian domestic gold toward or below about Rs 150,000 per 10 grams, affecting MCX and retail buyers.
- Markets are focused on U.S. data this week—September CPI followed by PPI and retail sales—because those prints could shift Fed expectations and materially alter gold's near‑term direction.