10.06.2026 15:10
Global markets' attention has turned to the US inflation data to be announced today at 15:30. A figure exceeding expectations could alter forecasts regarding the Fed's interest rate policies. Experts warn that following the inflation figures, sharp price movements may occur in all markets, particularly in gold.
The selling pressure on gold prices in global markets continues unabated. Retreating from historic highs, spot gold is approaching critical support levels as investors turn their attention to the US inflation data to be released today.
COULD SEE $3,950 LEVELS
Due to rising uncertainty in markets and weakening global risk appetite, a wave of selling is notable in commodity, stock, and cryptocurrency markets. Experts indicate that the technical outlook for spot gold has deteriorated, and if the downward movement persists, levels of $4,050 and $3,950 could come into focus.
EYES ON TODAY'S DATA RELEASE
The US inflation data to be released today at 15:30 is critically important for the direction of global markets. It is stated that an inflation reading above expectations could reshape expectations regarding the monetary policy of the US Federal Reserve (Fed). Market experts call on investors to be cautious, as sharp price movements could occur in gold, foreign exchange, and stock markets following the data.
TRADITIONAL RELATIONSHIP BROKEN
Another noteworthy development in markets in recent days is that oil and gold prices have started moving in the same direction. While under normal circumstances gold is expected to decline when oil prices rise, it is observed that sales have accelerated in both commodity groups in recent days. The price of Brent crude oil, which rose at the beginning of the week due to geopolitical developments, has recently declined again to lower levels. Experts state that the widespread selling in commodity markets is also putting pressure on oil prices.
INVESTORS SWITCH TO HOLDING MODE
It is stated that global investors are avoiding risky assets in order to see clearer signals regarding central banks' interest rate policies. For this reason, while volatile and weak trends stand out in stock exchanges, commodity markets, and cryptocurrencies, an increase in short-term and cautious positioning is observed in markets. According to experts, volatility in global markets is expected to remain high for the remainder of the year, and investors are expected to continue acting cautiously.