📌 Key Highlights
✦ 📊 U.S. CPI is today's main market catalyst and could influence Federal Reserve rate expectations.
✦ 🌍 Ongoing Middle East tensions continue supporting safe-haven demand.
✦ 🪙 The Silver Institute expects a 46.3-million-ounce supply deficit in 2026.
✦ 📈 Gold remains bullish above key support, with $4,430 as the next major resistance.
✦ ⚡ Silver stays strong above $64.47, while a break above $66.50 could target $67.60.
🌍 Market Outlook
✦ Investors are focused on today's U.S. inflation report.
✦ A softer CPI could boost gold and silver by increasing expectations of future rate cuts, while hotter inflation may strengthen the dollar and pressure precious metals.
✦ Despite short-term uncertainty, central bank gold purchases, geopolitical risks, and silver's ongoing supply deficit continue to support the long-term bullish outlook.
📈 Gold Technical Analysis (XAU/USD)
✦ Gold is trading around $4,405, holding above its 50-EMA ($4,332) and 100-EMA ($4,259) within a bullish rising channel.
🎯 Resistance: $4,430 • $4,477 • $4,516
🛡️ Support: $4,369 • $4,306 • $4,224
✦ A breakout above $4,430 could strengthen bullish momentum.
⚪ Silver Technical Analysis (XAG/USD)
✦ Silver trades near $66.01, remaining above the 50-EMA ($63.94) and 100-EMA ($62.40) with positive momentum.
🎯 Resistance: $66.50 • $67.60
🛡️ Support: $64.47 • $63.10 • $61.16
✦ A move above $66.50 may open the door to $67.60, while holding above $64.47 keeps the bullish trend intact.
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