CPI, oil and Fed repricing drive gold's next move

Gold remains near $4,400 after strong payrolls lifted yields, the dollar and expectations of tighter Fed policy, with rate-hike odds reportedly near 60%. September PPI/CPI and oil near $100 remain the main catalysts: hot data could extend a move toward $4,300-$4,350, while softer inflation may revive $4,500-$4,510. Middle East risk is still acting primarily through inflation and yields rather than a durable haven bid.