Gold Rewards Patient Investors. Forecast as of 16.10.2026

One might expect accelerating US inflation to put gold under heavy pressure. However, after an initial drop, the precious metal rebounded sharply as Treasury yields fell. Let’s discuss this topic and outline a trading plan for XAU/USD.Major Takeaways Gold has weathered the CPI data. The Fed is in no hurry to raise interest rates. Central banks are increasing their gold purchases. A breakout above 4,200 would be a signal to add to XAU/USD long positions.Weekly Fundamental Forecast for GoldE