Spot gold (XAUUSD) eased to around $4,152 on Wednesday morning, falling for a third day even after New York Fed President Williams signalled that one more rate hike this year is likely enough, as oil prices lifted by Middle East tensions kept inflation worries alive. Markets await US CPI at 12:30 GMT today.
Updated Wed 14 Oct 2026 · 02:56 GMT · Spot gold price as of the Asian morning 14 Oct 2026 (around 02:50 GMT)
Vs previous close · Gold is down for a third straight day (FXStreet) after losing about 0.8% over the previous two days (Bangkok Biz News) · Comex gold settled Tuesday at $4,177.30, down $13.30
Today’s key gold takeaways
- 1Spot gold is near $4,152 (−0.22%), down for a third straight day and about 3.3% lower over the past month.
- 2New York Fed President Williams sees one more hike this year but no need for further tightening in 2027. Markets price about a 20% chance of an October hike and about 88–90% for December.
- 3Resistance at $4,216 (21-day moving average) and $4,250; support at $4,100 and the rising trendline near $4,002
- 4US September CPI is due at 12:30 GMT today: forecast 3.6% y/y vs 3.4%, with core CPI at 2.5% vs 2.4%.
3 factors driving gold
- FedWilliams sees just one more hike this year
New York Fed President John Williams said one more rate hike this year would likely be appropriate, but he does not expect further tightening in 2027. US Treasury yields eased, which helped support non-yielding gold. Swap markets still price about a 90% chance of a December Fed hike (Bangkok Biz News, Investing.com). See the big picture in today’s Forex news
- OILMiddle East oil spike adds to inflation worries
Fighting in the Middle East flared up again, with Saudi Arabia striking an oil depot near Sanaa, and Brent crude held above $106 a barrel. Markets worry that energy costs will push up inflation and strengthen the case for Fed hikes, a headwind for gold (FXStreet, Bangkok Biz News).
- CPIMarkets cautious ahead of today’s CPI
US September CPI is expected at 3.6% y/y vs 3.4%, and 0.6% m/m on higher oil prices, with core CPI seen at 2.5% vs 2.4%. FXStreet said the dollar halted its pullback and yields steadied, so gold kept being sold ahead of the release. The dollar (DXY) is near 102.13 (Trading Economics).
Support and resistance to watch
| $4,337 | R3 | 50-day moving average (SMA) |
| $4,250 | R2 | 100-day moving average (SMA) |
| $4,216 | R1 | 21-day moving average (SMA), first resistance |
| $4,152 | NOW | Latest price (Trading Economics, around 02:50 GMT) |
| $4,100 | S1 | Key level analysts see at risk of being tested |
| $4,002 | S2 | Rising trendline; a close below could open the way to a deeper drop |
If it rises / if it falls
Gets back above $4,216
The next levels are the 100-day moving average near $4,250 and the 50-day near $4,337. A supportive factor would be softer-than-expected CPI that weakens yields and the dollar.
Breaks below $4,100
Selling could test the rising trendline near $4,002. Analysts say a clear daily close below it could open the way to a deeper pullback. Downside risks are hotter-than-expected CPI or a further rise in oil prices.
Levels as of 14 Oct 2026, based on FXStreet analysis. Not trading advice.
Today’s events that move gold (GMT)
- Fed Governor Bowman speaksMarkets will listen for her rate view before CPI.MED
- US CPI (Sep)Forecast 3.6% y/y vs 3.4% · Core CPI 2.5% vs 2.4% · Core m/m 0.2% vs 0.3%Read the analysis →Due at 12:30 GMTHIGH
- Fed Beige BookThe Fed’s report on regional economic conditionsMED
Gold eases near $4,150 ahead of CPI: get cash back on every lot
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