Commodities

TradingKey - On Thursday (October 15), gold prices (XAUUSD) rebounded following a sharp decline on Wednesday. As of the European session on Thursday, gold bounced back to near $4,160, reaching an intraday high of $4,162, up approximately 1.3% for the day. Previously, US September CPI data exceeded market expectations, pushing the US dollar and Treasury yields higher and sending gold down to $4,073.41 at one point, a one-week low. As the dollar pulled back from an 18-month high today, gold recovered some of its losses, though overall price action remains under pressure.

TradingKey - During Thursday's Asian trading session, gold (XAUUSD) prices rebounded significantly following an overnight sell-off, with spot gold rising over 1% to $4,156.08 per ounce.

TradingKey - As of the European session on Wednesday (October 14), gold prices (XAUUSD) remained range-bound ahead of the release of the U.S. September CPI, trading near $4,150. Gold had previously encountered resistance after rebounding toward $4,200, before pulling back to around $4,150. The U.S. inflation data scheduled for release tonight could be a crucial factor determining gold's short-term trajectory.

Brent crude (UKOIL) prices briefly touched $107 per barrel. Last Saturday, Houthi militants attacked King Khalid International Airport in Riyadh, the capital of Saudi Arabia, rapidly escalating market concerns over Middle East supply disruptions. According to Saudi official media outlet Saudi Gazette, Saudi Arabia's General Authority of Civil Aviation stated that the attack on Riyadh's King Khalid International Airport left 13 people dead and 309 injured. Earlier, an attack launched by the Houthis on the airport last Thursday killed three Saudi citizens, including a pilot.

TradingKey - As of the Asian session on October 12, gold prices (XAUUSD) consolidated at elevated levels following a sharp rebound last week. As of press time, gold edged down 0.2%, trading near $4,185, after touching an intraday high of $4,217.22, its highest level since October 2. Gold had dropped to near $4,066 last week before quickly recovering, improving its short-term momentum.

TradingKey - On October 12, gold (XAUUSD) prices rose slightly, continuing to hold above $4,200 per ounce. In the previous week, gold gained a cumulative 1.3%. A retreat in oil prices and a decline in long-term U.S. Treasury yields eased some market concerns over further interest rate hikes, providing support for gold.