Bond yields continue their sharp rise as traders bet on a quick reflation scenario. One of the major victims is Gold – there is a strong negative correlation between yields and Gold prices as we were showing at the last weekly webinar. Gold prices were underpinned by $1765 level for a while but a surge in yields eventually was too much and now we can see prices moving towards the lower limit of a channel with still plenty of room and horizontal $1680 level along the way. Do notice how 50 and 75 LWMAs now work as a resistances – another sign of a possible trend reversal.

π΄Daily summary: Wall Street ignores hawkish inflation, oil falls sharply despite geopolitical tensions
β οΈThree Markets to Watch Next Week (11.09.2026)
US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields
Breaking: Time for a tough call for Fed as monthly hotter Core CPI tests market expectations