Gold steadies ahead of Wednesday's U.S. CPI — October 13, 2026

Precious metals eased on Tuesday as a firm U.S. dollar — hovering near an 18-month high — pressured dollar-denominated metals, with traders positioning for Wednesday's U.S. CPI report, the week's main event for gold.   Gold held around US$4,170 / C$5,962.93 per ounce, easing from Monday's one-week peak, as the weekend's unverified Russia–Ukraine energy ceasefire headlines faded: Ukraine confirmed a Kharkiv energy-plant strike came after the announcement, and the Kremlin has not commented. Silver traded near US$60.20 / C$86.22, while platinum held around US$1,684 / C$2,428.03.   For investors: Wednesday's CPI (8:30 AM ET, consensus 3.6% headline vs 3.4% prior) is the near-term driver — a hot print likely pressures gold further, a soft one lifts it. Markets price only a 21% chance of an October Fed hike but an 88% chance in December, keeping upside capped until the data clears.   For jewelers: platinum's firm tone near US$1,684 warrants watching substitution spreads, while silver holding above US$60 keeps fabrication margins in focus.   Coming up — events that will move metals this week: • Wednesday, Oct 14 — U.S. CPI (8:30 AM ET): the week's biggest gold catalyst. Consensus 3.6% headline; hot print pressures metals, soft print lifts them. Fed Beige Book (2:00 PM ET) the same afternoon. • Thursday, Oct 15 — U.S. PPI, retail sales, weekly jobless claims, Philly Fed manufacturing: a second wave of inflation and growth signals. • Friday, Oct 16 — Industrial production and Michigan consumer sentiment close out the week.   Live prices: https://www.goldstocklive.com