Gold Futures Slip Ahead of U.S. CPI Data
A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 13, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.
Front-month gold futures for October delivery settled down 0.3% at $4,152.90 per troy ounce, marking the second consecutive session of losses. Silver futures for the same delivery month fell 1.6% to $59.161 per troy ounce. Critical Metals CEO Tony Sage noted that market expectations for an October Federal Reserve rate hike remain subdued, though traders are pricing in a significant probability of a December increase. Sage added that stronger-than-expected inflation data could strengthen the dollar and yields, thereby pressuring gold prices.
Background
- Saxo Bank analysts indicated that gold trading near $4,200 in early Asian hours was supported by a weaker U.S. dollar and retreating oil prices, with key resistance identified around $4,235.
- RHB Retail Research analyst Joseph Chai suggested that gold futures might retest support at $4,150, while immediate resistance remains firm at $4,300.
- BMI raised its average 2026 copper price forecast to $13,500 per metric ton, citing tariff-related disruptions and supply constraints, while projecting prices to reach $17,000 by 2035.
- U.S. September consumer-price inflation data was scheduled for release on Wednesday, alongside producer prices and retail sales on Thursday, with Federal Reserve Chair Kevin Warsh set to appear at the IMF on Friday.
Read the full article at wsj.com
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