11 Sep 2025
Gold consolidates below $3,650 despite softer US Dollar and Treasury yields
Gold consolidates below $3,650 as investors digest mixed US CPI data.
Soft US PPI, weak labor market data, and a mixed CPI report keep Fed rate cut bets alive, cushioning Gold’s downside.
XAU/USD holds above short-term support at $3,620, with resistance capped at $3,650 ahead of a potential retest of the $3,675 record high.
Gold (XAU/USD) trims some of its losses on Thursday, recovering from earlier declines as a softer US Dollar (USD) and Treasury yields offer modest support in the aftermath of the US Consumer Price Index (CPI) release. At the time of writing, the yellow metal is trading around $3,636, struggling to attract fresh buying interest after hitting an all-time high near $3,675 earlier this week.
