Gold Stabilizes Near $4,100 as Softer 0.2% US Core CPI Shifts Focus to ECB
Updated
Updated · Investing.com · Jun 11
Gold Stabilizes Near $4,100 as Softer 0.2% US Core CPI Shifts Focus to ECB
3 articles · Updated · Investing.com · Jun 11
Summary
Gold consolidated around $4,080-$4,100 after Wednesday’s softer US inflation print, with traders treating the move as a pause after a sharp recent selloff rather than a full trend reversal.
US core CPI rose 0.2% month on month, below the 0.3% forecast, easing Treasury yields and the dollar and reviving interest in precious metals.
The next catalyst now shifts to the ECB decision—expected to lift its refinancing rate to 2.40%—and later US PPI data, both of which could confirm or challenge the CPI-driven easing narrative.
Technically, $4,050 remains key support, while a sustained move above $4,100 could open $4,125-$4,150; a break below support would restore the broader bearish structure.
Underlying safe-haven demand is still supported by geopolitical and shipping risks, but gold’s near-term direction hinges on whether softer inflation proves durable.