{"id":24320,"date":"2026-10-15T04:43:39","date_gmt":"2026-10-15T04:43:39","guid":{"rendered":"https:\/\/www.maxainasia.com\/?p=24320"},"modified":"2026-10-15T04:43:39","modified_gmt":"2026-10-15T04:43:39","slug":"daily-commentary-483","status":"publish","type":"post","link":"https:\/\/www.maxainasia.com\/zh_tw\/daily-commentary-483-20261015\/","title":{"rendered":"XAU\/USD rebounds firmly as China Treasuries-buying report smashes US yields"},"content":{"rendered":"<ul style=\"color:#f40307\" class=\"wp-block-list has-text-color\">\n<li><strong>Gold stages a solid comeback from weekly lows, retakes $4,150 early Thursday.<\/strong><\/li>\n<li><strong>US Dollar declines sharply alongside Treasury yields on China\u2019s bond-buying report.<\/strong><\/li>\n<li><strong>Technically, the daily RSI remains bearish and a headwind for Gold buyers.<\/strong><\/li>\n<\/ul>\n<p>Gold\u00a0is building on the previous rebound from one-week lows of $4,073, accelerating its recovery momentum beyond $4,100 in Asia on Thursday. The upswing is likely to continue ahead of the US Retail Sales and Producer Price Index (PPI) data.<\/p>\n<p>Early Thursday, Gold has entirely reversed steep losses incurred following the release of hot US Consumer Price Index (CPI) report on Wednesday.<\/p>\n<p>The US Labor Department&#x27;s Bureau of Labor Statistics said \u200bon Wednesday that annual core CPI rose 2.6% last month after climbing 2.4% in August,\u00a0above market forecasts of +2.5%. Core CPI inflation steadied at 0.3% over the month in September, beating estimates of 0.2%.<\/p>\n<p>The odds for an October Federal Reserve (Fed) interest rate hike jumped to 42% post-hot inflation data, up \u200bfrom about 22% before the release, according to the CME Group\u2019s FedWatch Tool.<\/p>\n<p>The shift in Fed expectations lifted the US Dollar (USD) and US Treasury bond yields across the curve, triggering a sharp sell-off in non-yielding Gold to the tune of about 1.5%.<\/p>\n<p>However, Gold buyers appear to be rescued by a Bloomberg report released earlier, citing that China is quietly piling on US Treasuries through non-US custodians, inflating Canada\u2019s holdings to nearly $600 billion.<\/p>\n<p>Meanwhile, escalating Middle East conflict and artificial intelligence (AI) investments-led debt concerns boost safe-haven flows, aiding Gold\u2019s recovery.<\/p>\n<p>Further, no urgency on rate hikes shown by some of the Fed officials recently helps push back against expectations of an imminent rate lift-off, supporting Gold optimists.<\/p>\n<p>Looking ahead, it remains to be seen whether Gold sustains the rebound once again from sub-$4.100 levels as the US Retail Sales and PPI inflation data could offer fresh clues on the Fed\u2019s rate hike path.<\/p>\n<p>Also, traders may turn cautious and refrain from placing fresh bets on Gold ahead of Fed Chairman Kevin Warsh\u2019s appearance on Friday.<\/p>\n<p>Warsh is scheduled to participate in a conversation with IMF Managing Director Kristalina Georgieva at the Fireside Chat with International Monetary Fund Managing Director Kristalina Georgieva in Bangkok, Thailand.<\/p>\n<p>It will be Warsh\u2019s last public appearance before the Fed enters the \u2018blackout period\u2019 on Saturday, ahead of the October 27-28 monetary policy meeting.<\/p>\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"390\" src=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15-1024x390.png\" alt=\"Gold Technical Analysis\" class=\"wp-image-24321\" srcset=\"https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15-1024x390.png 1024w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15-300x114.png 300w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15-768x292.png 768w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15-1536x585.png 1536w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15-18x7.png 18w, https:\/\/www.maxainasia.com\/wp-content\/uploads\/2026\/10\/gold-chart-2026-10-15.png 1647w\" sizes=\"(max-width: 767px) 89vw, (max-width: 1000px) 54vw, (max-width: 1071px) 543px, 580px\" \/><\/figure>\n<p>In the daily chart, XAU\/USD trades at $4,145.23, keeping a bearish near-term tone as spot holds below all major simple moving averages (SMAs). The 21-day SMA at $4,208.09, the 100-day SMA at $4,245.61 and the 50-day SMA near $4,334.44 align overhead as a layered resistance band, while the 200-day SMA at $4,523.59 reinforces the idea of a broader topside cap. The Relative Strength Index (14) around 43.12 sits in neutral-to-soft territory, hinting that downside pressure persists but without outright oversold conditions.<\/p>\n<p>On the downside, initial structural support is seen toward the broken upward trend-line zone, with the break level at $4,002.10 followed by its origin near $3,990.07. On the topside, bulls would need to reclaim the 21-day SMA at $4,208.09 first, before challenging the 100-day SMA at $4,245.61; a sustained move above these would open the way toward the denser resistance around the 50-day SMA at $4,334.44, while only a recovery above the 200-day SMA at $4,523.59 would significantly weaken the prevailing bearish bias.<\/p>","protected":false},"excerpt":{"rendered":"<p>Gold stages a solid comeback from weekly lows, retakes $4,150 early Thursday. US Dollar declines sharply alongside Treasury yields on China\u2019s bond-buying report. Technically, the daily RSI remains bearish and a headwind for Gold buyers. Gold\u00a0is building on the previous rebound from one-week lows of $4,073, accelerating its recovery momentum beyond $4,100 in Asia on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.maxainasia.com\/zh_tw\/daily-commentary-483-20261015\/\" class=\"more-link\">\u95b1\u8b80\u5168\u6587<span class=\"screen-reader-text\">\u3008XAU\/USD rebounds firmly as China Treasuries-buying report smashes US yields\u3009<\/span><\/a><\/p>","protected":false},"author":5,"featured_media":17233,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-24320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-commentary"],"_links":{"self":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/comments?post=24320"}],"version-history":[{"count":1,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24320\/revisions"}],"predecessor-version":[{"id":24322,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/posts\/24320\/revisions\/24322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/media\/17233"}],"wp:attachment":[{"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/media?parent=24320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/categories?post=24320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxainasia.com\/zh_tw\/wp-json\/wp\/v2\/tags?post=24320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}