Gold rebounds above $4,150 as hot PPI keeps Fed hike bets alive — October 15, 2026

Gold bounced back above US$4,150 (C$~5,930) per ounce this morning after yesterday's hotter-than-expected September PPI print — up 1.3% month-over-month and 6.3% year-over-year, well above consensus. The inflation surprise has traders repricing October Fed hike odds, which initially pressured metals but is now driving safe-haven demand as markets digest the implications. Silver trades around US$56.70 (C$~81.00), up nearly 2% from yesterday's close, while platinum holds near US$1,626 (C$~2,325). Investor take: The PPI beat confirms inflation isn't cooling as fast as hoped — that's typically bearish for gold via higher rate expectations, but the metal's resilience above $4,150 suggests underlying bid strength. Watch today's 8:30 AM ET data deluge (retail sales, jobless claims) for confirmation. Jeweler take: Volatility remains elevated with back-to-back hot inflation prints. Silver's sharp rebound from yesterday's lows creates a window to lock in sterling inventory before the next data catalyst. Coming up — events that will move metals this week: Today, 8:30 AM ET: US retail sales + jobless claims — consumer strength check; hot data pressures gold Today, 4:30 PM ET: Fed Chair Warsh speaks — any hike signals move metals instantly Friday, 8:30 AM ET: Industrial production + Michigan consumer sentiment — growth/inflation pulse Live prices: https://www.goldstocklive.com