Spot gold (XAUUSD) held steady near $4,156 on Friday morning after rebounding about $61 on Thursday to close near $4,166, snapping a three-day losing streak, as the US 10-year Treasury yield fell to around 5.09% and the dollar (DXY) eased to about 102.1 despite hotter-than-expected US PPI. Markets await Fed Chair Warsh at 03:30 GMT today.
Updated Fri 16 Oct 2026 · 03:00 GMT · Spot gold price as of the Asian morning, 16 Oct 2026 (around 02:45 GMT)
Steady after gold rebounded about $61 on Thursday (15 Oct) to close near $4,166, up from a low near $4,073 after Wednesday’s CPI (investingLive, FXStreet)
Today’s key gold takeaways
- 1Spot gold is near $4,155.66 (−0.15%) this morning after rebounding about $61 on Thursday to close near $4,166, ending a three-day losing streak, though it is still down about 3.05% over the past month.
- 2The US 10-year yield fell about 10 basis points to 5.09% and the dollar (DXY) dropped about 0.49% to near 102.14, even though September PPI rose 1.3% m/m vs 0.5% expected.
- 3Resistance at $4,200 and the 100-day moving average near $4,245; support at $4,073 (Wednesday’s low) and $4,035.
- 4Fed Chair Warsh speaks at an IMF event in Bangkok at 03:30 GMT today, his last appearance before the blackout period; US industrial production is due at 13:15 GMT.
3 factors driving gold
- 10YFalling yields and a softer dollar lift gold
The US 10-year Treasury yield fell about 10 basis points to 5.09% on Thursday despite hot producer inflation, and the dollar (DXY) weakened about 0.49% to near 102.14, pulling back from an 18-month high. The lower cost of holding gold helped it rebound about $61 (investingLive, FXStreet, TradingView).
- PPIHot producer inflation keeps Fed hikes on the table
US producer prices (PPI) rose 1.3% m/m in September, above the 0.5% forecast, following Wednesday’s hotter-than-expected CPI. Markets price about a 27% chance of a Fed hike on 28 Oct and still expect at least one more hike by year-end, a headwind for gold. Fed Chair Warsh speaks at an IMF event in Bangkok at 03:30 GMT today, his last appearance before the Fed’s blackout period (BLS, investingLive).
- FLOWFund and central bank buying underpin prices
TD Securities said CTA short covering, inflows into gold ETFs and central bank demand supported the recovery, and it expects heavy buying in the $4,000–4,100 zone. Trading Economics said stock market selling and geopolitical tensions drew safe-haven demand into gold (FXStreet, Trading Economics).
Support and resistance to watch
| $4,245 | R2 | 100-day moving average (SMA) |
| $4,200 | R1 | 20-day Bollinger Bands middle line and a psychological level |
| $4,155.66 | NOW | Latest price (TradingView, around 02:45 GMT) |
| $4,073 | S1 | Wednesday’s post-CPI low |
| $4,035 | S2 | 20-day lower Bollinger Band |
Levels as of 16 Oct 2026, based on FXStreet analysis. Not trading advice.
If it rises / if it falls
Gets back above $4,200
The next level is the 100-day moving average near $4,245; above that, the upper Bollinger Band is near $4,370. Supportive factors would be Warsh not signalling an October hike and yields easing further.
Breaks below $4,073
Selling could test the lower Bollinger Band near $4,035, while TD Securities sees buyers waiting in the $4,000–4,100 zone. Downside risks are a hawkish signal from Warsh or a sharp rebound in yields.
Levels as of 16 Oct 2026, based on FXStreet analysis. Not trading advice · 14-day RSI is about 45; the short-term trend is still down as price trades below the Bollinger middle line and the 100-day SMA.
Today’s events, Fri 16 Oct 2026 (GMT)
- Fed Chair Warsh speaks at IMF event in BangkokLast appearance before the blackout ahead of the 27–28 Oct Fed meetingIf he opens the door to an October hike, the dollar could firm and weigh on goldMED
- Eurozone CPI, final (Sep)Forecast 3.8% y/y vs 3.2%MED
- US industrial production (Sep)Forecast 0.4% m/m vs 0.0%MED
Gold rebounds below $4,200 ahead of Warsh: get cash back on every lot
Rebate per lot · Standard Plus account
Rebate per lot · Standard account
Rebate per lot
1TRADER is a partner (IB) of these brokers and earns a commission when you open an account through our links · % is the share of the IB commission returned to you, not of your deposit · Rates as of Sep 2026 · Compare rebates across brokers
Learn to trade free with 1TRADER
Sources (8)
Risk warning: Trading gold, forex and CFDs carries a high level of risk and you may lose all of your capital. This article is a summary for educational purposes, not investment advice. Prices may have changed by the time you read this.
Compiled by the 1TRADER editorial teamEditorial policy and sourcesFull risk disclosureReport an error
Read more
Related news
Forex NewsGold Price Today 23 Oct 2026: XAUUSD Near $4,018, Close to $4,000
Forex NewsWeekly Forex Recap 19–23 Oct 2026: Gold Drops 4% to $4,000, Oil Surges
Forex NewsForex News 26 Oct 2026: Gold Drops Below $4,000, Oil Climbs Before Fed
Forex NewsThai Baht Today 26 Oct 2026open 33.76–33.77 steady Middle East tensions weigh, Fed in focus