PARTNERS

INSTITUTIONAL

24/7 SUPPORT

Download App

Market Insights > Daily Market Analysis New

Gold Pressured as Strong US CPI Lifts Dollar and Treasury Yields

Published: 14 September 2026,07:53

Daily Market Analysis New

Tags:

Share on:

Table of Contents show

Key Takeaways:

*The Dollar Index rebounded after another stronger-than-expected US inflation report.

*August headline CPI rose 0.4% month-on-month and 3.4% year-on-year.

*Core CPI increased 0.3%, above expectations of 0.2%.

*Markets are now pricing roughly an 86% probability of a Fed rate hike this week.

*Gold remained under pressure as higher yields and dollar strength reduced demand for non-yielding bullion.

Market Summary:

The Dollar Index rebounded after another stronger-than-expected US inflation report reinforced expectations that the Federal Reserve may need to maintain a tighter monetary-policy stance. August headline CPI rose 0.4% month-on-month and 3.4% year-on-year, while core CPI increased 0.3%, above market expectations of 0.2%.

The latest CPI data followed stronger PPI and Nonfarm Payrolls reports, strengthening the view that the US economy remains resilient while inflation pressures are still elevated. At the same time, rising oil prices have added another layer of inflation risk, increasing concerns that energy costs could keep price pressures sticky.

As a result, Treasury yields remained elevated as traders priced in a higher chance of further Fed tightening. Markets are now pricing roughly an 86% probability of a Fed rate hike this week, significantly higher than before the latest inflation releases. This stronger rate outlook provided fresh support for the US dollar.

Gold prices remained under pressure as the stronger dollar and higher Treasury yields weighed on the precious metal. Since gold does not generate yield, rising Treasury yields increase the opportunity cost of holding bullion. A firmer dollar also makes dollar-denominated gold more expensive for foreign buyers, limiting demand.

Although geopolitical uncertainty continues to provide some safe-haven support, the market’s main focus has shifted back toward inflation and monetary policy. The surge in crude oil prices is especially important because it strengthens the case for higher interest rates, which remains a key headwind for gold.

Moving forward, gold’s near-term direction will depend heavily on the Fed’s policy decision and guidance. A hawkish message could extend dollar strength and keep gold under pressure, while a softer tone may ease yield pressure and allow bullion to stabilise.

Technical Analysis

GOLD, H4:

Gold prices are trading lower after retracing from the downward trendline and are currently testing the 4,310.00 support level, which acts as a key near-term downside pivot.

Momentum indicators remain bearish, with the MACD showing increasing bearish momentum and the RSI at 42 staying below the midline, suggesting that selling pressure may persist if support fails to hold.

A confirmed breakdown below 4,310.00 could extend losses toward the next support level at 4,190.00, reinforcing the bearish structure.

However, if bearish momentum begins to fade, gold may stage a technical rebound and retest the downward trendline, with 4,445.00 acting as the key resistance level. Further upside could expose 4,575.00 if recovery momentum strengthens.

Resistance Levels: 4445.00, 4575.00

Support Levels: 4310.00, 4190.00

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

Start trading with deposits as low as $50 on our standard accounts.
Get access to 24/7 support.
Access hundreds of instruments, free educational tools, and some of the best promotions around.

Join Now

Latest Posts

Oil Jumps as Saudi Pipeline Shutdown and Hormuz Risks Deepen Supply Fears

Fast And Easy Account Opening

Create account

1

Register

Sign up for a PU Prime Live Account with our hassle-free process.
2

Fund

Effortlessly fund your account with a wide range of channels and accepted currencies.
3

Start Trading

Access hundreds of instruments under market-leading trading conditions.

Create account

Risk Warning: Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. The use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. It is important to understand the risks involved and assess whether you can afford to lose your invested capital. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is not indicative of future results. The information provided on this website is for general informational purposes only and does not constitute investment advice, recommendation, or solicitation to engage in any investment activities. It does not take into account your personal financial circumstances, investment objectives, or risk tolerance. Any interaction with this website is an individual and voluntary action on the part of the user. The content on this website should not be construed as an invitation to enter into or acquire PU Prime’s financial services and products. Under no circumstances shall the Company be held liable for any loss or damage, in whole or in part, arising from, or in connection with, any CFD trading activities. Please review the legal documents available on our website to ensure that you fully understand the risks associated with CFD trading. If necessary, seek independent advice from qualified professionals.

Regional Restrictions: This information on this website is not intended for distribution to, or use by, any person or entity who is a citizen or resident of the United States, Canada, Singapore, Australia, Iran, China, the Philippines, North Korea, India, Cuba, Cyprus, American Samoa, Guam, the Northern Mariana Islands, or Puerto Rico. It is also not intended for distribution to, or use by, any person or entity located in jurisdictions listed on the FATF “blacklist” or subject to major global sanctions lists, or in any jurisdiction where such distribution or use would violate local laws or regulations.

PU Prime is a trading name for multiple entities operating across various jurisdictions. These following entities are authorised to operate under the PU Prime brand and trademarks.

PU Prime Trading Pty Ltd is an Australian financial services licensee authorised and regulated by the Australian Securities and Investments Commission of Australia under License No. 410681, with its registered address at Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia. For Australian clients who have onboarded through https://www.puprime.au, the product issuer is PU Prime Trading Pty Ltd.

PU Prime Financial Services LLC is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000388 (Fifth Category: Arrangement and Advice) to conduct introduction and promotion of financial services and financial products. The company’s registered address is The Prime Tower, Office No. 1209, Business Bay, Plot No. 68-0, Makani No. 25836 86879, Dubai, United Arab Emirates.

PU Prime Ltd is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst, Cybercity Ebene, Mauritius.

PU Prime Limited is regulated by the Financial Services Authority (FSA) of Seychelles, with License No. SD050 and Registration No. 8426654-1. Its registered office is located at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime (Pty) Ltd is a licensed Financial Services Provider (FSP No. 52218) authorised and regulated by the Financial Sector Conduct Authority ("FSCA") of South Africa. PU Prime (Pty) Ltd is neither the issuer nor the market maker of the derivative products made available through the FSP. It acts solely as an intermediary, as contemplated in the Financial Advisory and Intermediary Services Act, 2002 ("FAIS Act"), between clients and PU Prime Ltd (the "Product Provider"), and its services are limited to the provision of intermediary services in relation to derivative products issued by the Product Provider. Accordingly, PU Prime (Pty) Ltd does not act as principal, issuer, market maker or counterparty in any client transaction. Registered Office: 18 Cavendish Road, Claremont, Cape Town, Western Cape 7708, South Africa.

P.U.P. Integrated Services Limited is a company incorporated in the United Kingdom under Company Registration No. 17424116, with its registered address at C/O Greenwoods Legal Services Limited, Queens House, 55–56 Lincoln’s Inn Fields, London, United Kingdom, WC2A 3LJ. P.U.P. Integrated Services Limited provides administrative payment facilitation services on behalf of the relevant licensed entities within the PU Prime Group. It does not offer regulated financial products, provide trading services or hold itself out as a regulated payment services provider.

PU Prime Ltd, incorporated in the Republic of Seychelles, is a securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime Limited, incorporated in the Republic of Seychelles, is a securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime (CY) Limited is registered in the Republic of Cyprus under registration number HE414308. Its registered office is located at Archiepiskopou Makariou III, 160-1st floor, 3026, Limassol, Cyprus. PU Prime (CY) Limited facilitates services for the licensed and regulated entities within the PU Prime Organizational Structure, including but not limited to payment services. These services do not involve the use of any trading terminals.