Gold Macro Watch

US PPI Surge and Treasury Yield Spike

• 🔥 PPI Beats Forecasts: April US PPI rose to 6% headline and 5.2% core, exceeding expectations and...

Kevin Warsh takes over as Fed Chair after a 54-45 Senate vote, replacing Powell whose term ends May 15. The change lands at a tense moment for...

• 30-year Treasury yield rose to 5.128%, its highest level since 2007, with the 10-year at 4.60%.
• Investors secured 5% yields on 30-year bonds for...

Escalating US-Iran tensions are driving conflicting forces in gold and silver.

• Safe-haven bids from geopolitics support demand, yet the US dollar...

Geopolitical deadlock between the US and Iran pushed oil above $111 and bond yields to multi-year highs, sparking broad risk-off moves including a...

• Hotter-than-expected PPI: April headline rose 6.0% YoY (fastest since 2022) and core hit 5.2%, with MoM at +1.4% vs +0.5% consensus
• Oil-driven...

Fed Leadership Transition

• 🔥 Powell as Interim Chair: Outgoing Chair Jerome Powell will remain as acting leader until Kevin Warsh is sworn in...

ERT FX's latest weekly forecast delivers XAUUSD technical analysis focused on support/resistance, trend lines, and supply/demand zones for short-term trading decisions following recent volatility.

• Inflation reprice: Cleveland Fed tool sees TTM inflation hitting 3.89% in May, echoing reports of CPI near 3.8%.
• Fed handoff: Powell remains...

Rick Rule warns investors to expect a gold and silver pullback at any moment amid rising debt, fragile credit markets, soaring energy risks, and...

Gold and silver could surge on safe-haven demand, higher oil prices and inflation fears as Iran-USA tensions escalate from limited clashes to full war, though short-term pullbacks remain possible depending on Fed policy and market liquidity.

Chinese accumulation of physical gold continues unabated, with large eastward deliveries highlighting a clear split between paper pricing and actual...

Inflation Data Release

• 🔥 April CPI Surge: US consumer inflation hit a three-year high in April with headline CPI at 3.8% and core CPI at 2.8%,...

• 10-year yields gapped from 4.45% to 4.6% in a single session after Kevin Warsh was named new Fed Chair
• Red-hot CPI and PPI prints triggered the...

Senate confirms Kevin Warsh as new Federal Reserve Chair, replacing Powell and immediately facing elevated inflation data.

• Inflation at three-year...

Precious metals suffered a sharp reversal as rising real yields and a strong dollar triggered broad liquidation.

• Gold (XAUUSD) collapsed 3% in one...

Hot April CPI at 3.8% YoY marks a three-year high, with core rising to 2.8%.

• Imported goods prices surge from Iran war supply shocks
• Retail stocks face immediate pressure
• Gold gains safe-haven tailwinds from combined inflation and geopolitics

Geopolitical Escalations

• 🔥 Strait of Hormuz Incident: A ship caught fire in the Strait of Hormuz just hours after another vessel was seized and...

XAUUSD watch: Iran conflict's Hormuz flare-up links directly to spiking inflation forecasts.

• Ship fire + seizure in Strait of Hormuz escalates...

US data dominance overwhelms gold bulls:

• Gold tumbles nearly 2% to one-week lows on stronger USD & rising Treasury yields from oil inflation risks
  -...