
Gold Price Forecast: Will US CPI inflation revive XAU/USD uptrend?
Gold Price Forecast: Will US CPI inflation revive XAU/USD uptrend?
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Gold Price Forecast: Will US CPI inflation revive XAU/USD uptrend?

The US Dollar failed to remain stable above 160.00 and tumbled against the Japanese Yen. USD/JPY dipped below 158.00 and 156.20 to enter a bearish zone.
![Elliott Wave outlook: Silver eyeing zigzag correction [Video]](https://static.pipvero.com/pipvero/uploads/2026-09/general-1-1789092017-18a1d22dfac51e99.webp)
Elliott Wave outlook: Silver eyeing zigzag correction [Video]

PBOC sets USD/CNY reference rate at 6.7743 vs. 6.7766 previous

US Treasury yields have backed up sharply from their late-August lows, particularly at the front end of the curve, as higher energy prices, firmer inflation pressures and rising expectations for a Fed rate hike push borrowing costs higher.

Gold falls below $4,350 as rising oil prices, US PPI reinforces Fed hike bets

AUD/USD came under heavy pressure as surging crude oil, rising Treasury yields and hotter producer-price pressures revived expectations of a September Fed hike. The Australian dollar led FX majors lower as the US dollar rebounded, while Wall Street weakened ahead of CPI.

Gold tests critical support as a tightening technical structure sets up the next potential move.
![Debasement trade gains ground as nations reassess Dollars, bonds, and Gold [Video]](https://static.pipvero.com/pipvero/uploads/2026-09/general-1-1789071683-de8620a5d97e6eaf.webp)
Debasement trade gains ground as nations reassess Dollars, bonds, and Gold [Video]

ETF Gold holdings surged to record high in August

Gold lost the $4,396 to $4,422 area this morning and trades near $4,400, about $60 below Wednesday's close.

Silver Price Forecast: Head-and-shoulders break puts $60 back in play

What Silver (and I) told you

The center of the FX market remains the USD/JPY carry trade and, so far, bulls have held on relatively well. To be sure the pair has pushed down by more than 1,000 pips in the past six weeks which may not sound like buyers are holding the bid, but given the backdrop and the fact that we haven't seen a larger case of unwind, I think credit should be given to the fact that buyers have, so far, responded to pullbacks quite well.

NZD/USD Price Forecast: Kiwi breaks 0.5800 as bears take control