In-line CPI clears the path to $4,600

Kitco08-12 22:44

Today gold's continued upside potential was realized, made possible by a CPI report that came in exactly in line with economists' expectations. The Consumer Price Index increased 0.1% in July from the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2659186490?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-12 22:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2659186490","market":"fut","top_or_hot":-1,"title":"In-line CPI clears the path to $4,600","media":"Kitco","content":"<div>\n<p>Today gold's continued upside potential was realized, made possible by a CPI report that came in exactly in line with economists' expectations. The Consumer Price Index increased 0.1% in July from the...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-08-12/line-cpi-clears-path-4600\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>In-line CPI clears the path to $4,600</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIn-line CPI clears the path to $4,600\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-12 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/opinion/2026-08-12/line-cpi-clears-path-4600><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Today gold's continued upside potential was realized, made possible by a CPI report that came in exactly in line with economists' expectations. The Consumer Price Index increased 0.1% in July from the...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-08-12/line-cpi-clears-path-4600\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IAUM","symbol_name":"ISHARES GOLD TRUST MICRO","start_time":0,"source_url":"https://www.kitco.com/opinion/2026-08-12/line-cpi-clears-path-4600","article_id":"2659186490","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/opinion/2026-08-12/line-cpi-clears-path-4600","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2659186490","pubTimestamp":1786545840,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"Today gold's continued upside potential was realized, made possible by a CPI report that came in exactly in line with economists' expectations. The Consumer Price Index increased 0.1% in July from the","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IAUM":"ISHARES GOLD TRUST MICRO","BIV":"美国中期债券ETF-Vanguard","USG":"USCF Gold Strategy Plus Income Fund","DBC":"商品指数ETF-PowerShares DB","AAAU":"Goldman Sachs Physical Gold ETF","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","GLL":"2倍做空黄金ETF-ProShares","GBUG":"Sprott Active Gold & Silver Miners ETF","DGP":"二倍做多黄金ETN(PowerShares)","UYM":"基础材料指数ETF-ProShares两倍做多","KGLD":"Kurv Gold Enhanced Income ETF","QSWN":"Amplify BlackSwan Growth & Treasury Core ETF","UGL":"2倍做多黄金ETF-ProShares","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","XME":"金属与采矿指数ETF-SPDR","OUNZ":"VanEck Merk黄金股票基金","JNUG":"金矿指数二倍做多ETF","BTGD":"STKD Bitcoin & Gold ETF","SGDM":"Sprott Gold Miners ETF","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BAR":"GraniteShares Gold Shares","GLDM":"SPDR Gold MiniShares Trust","PICK":"iShares MSCI Global Metals & Mining Producers ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","PHYS":"Sprott Physical Gold Trust","JDST":"金矿指数二倍做空ETF","AGZD":"WisdomTree Interest Rate Hedged U.S. Aggregate Bond Fund","DUST":"二倍做空黄金矿业指数ETF-Direxion","DZZ":"德银黄金两倍做空ETN","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","IBTJ":"iShares iBonds Dec 2029 Term Treasury ETF","RING":"iShares MSCI Global Gold Miners ETF","JUCY":"Aptus Enhanced Yield ETF","XBOX":"Roundhill Ultra Short Duration No Dividend Target ETF","IAU":"黄金信托ETF-iShares","XTEN":"Bondbloxx Bloomberg Ten Year Target Duration US Treasury ETF","TUA":"SIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","CEF":"Sprott Physical Gold & Silver Trust","GDX":"黄金矿业ETF-VanEck","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","SGOL":"Abrdn Gold ETF Trust","IAUI":"NEOS Gold High Income ETF","BUCK":"Simplify Treasury Option Income ETF","PPI":"AXS Astoria Real Assets ETF"},"translate_title":"在线 CPI 为 4,600 美元扫清了道路","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XTEN":1.5,"GDXD":0.9,"QSWN":1.5,"DUST":0.9,"AGZD":1.5,"BUCK":1.5,"DBC":0.9,"GOAU":0.9,"IAUM":0.9,"GLDM":0.9,"IAUI":0.9,"BAR":0.9,"BIV":1.5,"FGDL":0.9,"JNUG":0.9,"DGP":0.9,"PPI":0.9,"IAU":0.9,"RING":0.9,"GLTR":0.9,"SHNY":0.9,"DZZ":0.9,"XME":0.9,"GOLY":0.9,"KGLD":0.6,"PHYS":0.9,"OUNZ":0.9,"GDXJ":0.9,"SGDM":0.9,"DULL":0.9,"AAAU":0.9,"PICK":0.9,"CEF":0.9,"IBTJ":1.5,"JDST":0.9,"USG":0.9,"UGL":0.9,"TUA":1.5,"XBOX":1.5,"SGOL":0.9,"GDX":0.9,"BTGD":0.9,"GDXY":0.9,"JUCY":1.5,"UYM":0.9,"GDXU":0.9,"GLL":0.9,"BEGS":0.9,"GBUG":0.9,"1OZmain":0.9},"content_text":"Today gold's continued upside potential was realized, made possible by a CPI report that came in exactly in line with economists' expectations. The Consumer Price Index increased 0.1% in July from the previous month, according to data released Wednesday by the Bureau of Labor Statistics. Core CPI, which strips out volatile food and energy prices, rose 0.2%. This was the relief gold needed to continue higher.Gold futures gained $41.20, or 0.93%, in trading today and made its seventh consecutive daily candle with both higher highs and higher lows. Gold managed to stab further past the 100-day simple moving average and closed just under the resistance we discussed yesterday and illustrated on our charts at $4,474. This resistance level is based on July 17th’s intraday high, where our shorter-term descending triangle began. This price level also aligns with bottoms formed from last December through March and May.This level, along with the 100-day SMA, is gold’s next real hurdle. Even if gold doesn’t punch straight through this resistance, it is likely to move beyond it as long as prices can remain above $4,200 — or especially if they can hold above $4,400. Our target for this move is $4,600 in futures ($4,500 in spot gold). We arrived at this conclusion by measuring the widest point of the short-term descending triangle and projecting a line of equal length from the breakout point. $4,600 is also within dollars of the 200-day SMA in gold futures, reinforcing this price point as a key technical level.The broader significance of today’s CPI report extends well beyond the headline numbers. For weeks, markets had been pricing in a strong likelihood of another Federal Reserve rate hike at the September FOMC meeting — odds that favored a September hike according to the FedWatch tool . That anxiety had been an undeniable headwind for gold. Wednesday’s report, landing exactly on consensus across every major measure, worked in concert with last week’s unexpected net job loss in July to materially shift that calculus causing the odd’s to now favor a hold at the next FOMC meeting for the first time in months.As Morgan Stanley’s chief economic strategist Ellen Zentner noted, the “no need to hike rates” narrative that took hold after the labor market stumbled is now reinforced. The Fed does not meet again until September, and policymakers will have one additional inflation reading due September 11th before they must make their decision. Barring a significant upside surprise in that report, markets are increasingly positioned for a hold, if not the beginning of an eventual easing cycle. For gold, that shift is precisely the macro tailwind it needed. Rate-hike fear is the primary ceiling for a non-yielding asset. As that ceiling lifts, gold’s technical setup, seven consecutive sessions of higher highs and higher lows, a clean breakout from a descending triangle, and a clear measured-move objective at $4,600 has room to fully express itself. Watch the close relative to $4,474; a convincing break above it keeps the clock ticking toward our target.Head to TheGoldForecast.com to learn more.Wishing you, as always, good trading.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2659186490","isCrawlerRequest":true}