Gold Price Today: Hot CPI Puts $4,400 Gold Under Pressure
Gold price is trading around $4,371, after today’s candle traded as high as roughly $4,402 and as low as $4,365. More importantly, the wider chart shows gold trying to stabilize after the decline from its late-August peak near $4,650–$4,700. The recent structure is fairly clear. Gold fell toward $4,300 at the beginning of September, bounced toward $4,500, and then returned to the $4,300s. Buyers have repeatedly appeared around that lower area, but the rebounds have also struggled to produce sustained higher highs.