24/7 SUPPORT
Download App
Search
Popular Search
Published: 16 October 2026,07:54
Daily Market Analysis New
*The U.S. Dollar Index remained near recent highs following stronger-than-expected PPI and retail sales data.
*September’s PPI surged 1.3%, exceeding forecasts of 0.6%, while core retail sales rose 0.9%, beating expectations of 0.6%.
*Persistent inflation and resilient consumer spending reinforced expectations of further Federal Reserve tightening.
*Gold retreated from recent highs as stronger U.S. economic data pressured non-yielding bullion.
The U.S. Dollar Index continued to consolidate near recent highs following a series of stronger-than-expected economic releases. September’s Producer Price Index (PPI) surged 1.3%, exceeding expectations of 0.6% and accelerating from the previous reading of 0.5%. Meanwhile, core retail sales increased 0.9%, surpassing forecasts of 0.6%, highlighting resilient consumer spending despite persistent inflationary pressures.
Combined with Wednesday’s hotter-than-expected Consumer Price Index (CPI) report, the latest figures reinforced concerns that inflation could remain elevated for longer. Strong consumer spending and persistent price pressures strengthened expectations that the Federal Reserve may maintain restrictive monetary policy or consider additional interest rate hikes.
However, despite supportive economic fundamentals, the dollar experienced a modest technical correction as investors took profits following its recent rally. Looking ahead, the Dollar Index could continue consolidating near recent highs, with a confirmed breakout potentially supporting further gains.
Meanwhile, gold prices retreated after testing recent highs as stronger-than-expected U.S. inflation and retail sales data reinforced expectations of further monetary tightening. Elevated energy prices have also contributed to persistent inflation concerns, adding pressure to the outlook for non-yielding bullion.
Although geopolitical uncertainty continues to provide underlying safe-haven support, expectations of higher interest rates could limit gold’s upside potential. Moving forward, investors will closely monitor U.S. Treasury yields, dollar movements and Federal Reserve policy expectations, which could determine the precious metal’s next directional move.
Gold prices are trading higher, currently testing the 4,180.00 resistance level, which acts as a key near-term breakout zone.
Momentum indicators remain supportive, with the MACD showing increasing bullish momentum and the RSI at 61 staying above the midline. This suggests that buying pressure remains intact, supporting the possibility of further upside if a breakout is confirmed. Market attention remains focused on a potential breakout above 4,180.00. A confirmed break could extend gains toward the next resistance level at 4,215.00, reinforcing the bullish short-term structure.
However, if bullish momentum begins to fade, gold may experience a technical retracement and retest the 4,130.00 support level, followed by 4,085.00 if selling pressure intensifies.
Resistance Levels: 4180.00, 4215.00
Support Levels: 4130.00, 4085.00
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
