Gold's intraday momentum is firmly upward and price is trading above the classic pivot, but tomorrow's July CPI print (8:30 ET, August 12) is the dominant event risk and could sharply reprice either direction — keeping the net stance mixed and conviction moderate.
Edition 2026-08-11 · prediction window to Tue 11 Aug 2026 21:00 UTC (22:00 BST)
Catalyst: Pre-CPI wait mode. July 2026 CPI (BLS, 8:30 ET Aug 12) is the primary binary event. PPI follows Thursday. Fed September rate decision pricing (currently approximately 50-50 hold/hike per CME FedWatch) hinges heavily on this week's inflation data.
Data: yahoo
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