CPI Inflation Rate

333.952 (June 2026)

Market Risk (VIX)

17.09

Gold Bull Signal Alert

Real rate positive 2.08%, DXY strengthened YTD 2.7%

GDX ETF (Gold Miners)

$76.78

10Y Treasury Yield

4.68% (Jul 31)

Gold Spot Price (USD/oz)

$4,112.60/oz

Economic Calendar
5 events
Federal Funds Rate
Jul 29est 3.75%prev 3.75%
FOMC Statement
Jul 29est prev
FOMC Press Conference
Jul 29est prev
Advance GDP q/q
Jul 30est 2.1%prev 2.0%
Core PCE Price Index m/m
Jul 30est 0.2%prev 0.3%

Gold Market Digest

Gold Spot Price: $4,112.60/oz, trending upward with recent range $4,109.80–$4,129.90. Price remains below 200-day moving average with no confirmed support breakout.
Macro Drivers:
Inflation pressure: CPI at 333.95% (June) signals extreme monetary conditions
Real rates: 2.08% (up), reducing gold's appeal as inflation hedge
10Y Treasury yield: 4.68% (rising), headwind for non-yielding assets
USD Index: 100.67 (strengthening), pressuring gold in dollar terms
Sentiment & Risk:
VIX at $19.08 (elevated), indicating moderate market stress
Bull signal alert inconclusive—missing real rates and DXY confirmation data
Fed held rates at 3.75% (Jul 29); GDP growth 2.1% forecast suggests stable-to-soft demand
Mining Stocks:
GDX ($76.78) and GLD ($377.16) both up on the session, outpacing spot weakness
Miners showing relative strength despite price headwinds
Actionable Insight: Gold faces headwind from rising real rates and strong dollar. Current price consolidation below 200-DMA suggests caution on long entries. Watch for real rate data and DXY momentum to clarify directional bias. Mining ETFs offer potential leverage if inflation accelerates beyond rates expectations.

Gold Price Breakout Alert

Gold below 200-DMA, no break above. Death cross confirmed.

US Dollar Index (DXY)

100.35

GLD ETF (Gold Trust)

$377.16

Silver Price (USD/oz)

$58.1600/oz

Real Interest Rate

2.07686%

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