Gold Prices Look to Real Rates as November FOMC Nears, PMI Data Due

Gold Prices Look to Real Rates as November FOMC Nears, PMI Data Due https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2021/10/22/Gold-Prices-Look-to-Real-Rates-as-November-FOMC-Nears-PMI-Data-Due.html Gold prices are looking to real interest rates for direction as markets weigh the rise in nominal yields and inflation expectations ahead of November’s FOMC meeting. PMI data is due.

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DailyFX - Market News FX

China: Inflation pressures build with energy – ING 10 April 2026

ING’s Chief Economist for Greater China, Lynn Song, notes that China’s CPI inflation eased to 1.0% year-on-year after Lunar New Year, while PPI turned positive for the first time since 2022.

Malaysia: Solid GDP and contained inflation – DBS 10 April 2026

DBS Group Research expects Malaysia’s 1Q26 advance Gross Domestic Product (GDP) to grow 5.5% year-on-year, slightly below 6.3% in 4Q25 but still robust. Growth is seen supported by export-oriented electrical and electronics manufacturing, global AI tailwinds, construction and domestic demand.

CNY: Trade normalization and growth risks – TD Securities 10 April 2026

TD Securities expects China’s March exports to normalize after a strong Jan–Feb report, while imports could surprise on the upside as authorities stockpile key goods and commodities during the US–Iran conflict. Rising input costs may slow production and weigh on exports.

KRW: War risk keeps 1,450–1,550 range in focus – ING 10 April 2026

ING’s Min Joo Kang notes that KRW is trading below 1,500, with near-term moves heavily dependent on Middle East developments. The team keeps its 1,450–1,550 trading range, expecting KRW to strengthen rapidly if the war ends.

Singapore: Exports boosted by electronics cycle – DBS 10 April 2026

DBS Group Research expects Singapore’s non-oil domestic exports to rise for a seventh consecutive month in March 2026, accelerating to 10.3% year-on-year from 4.0% in February.

AUD/USD Price Forecast: Aussie rejected at 0.7100, upside risks persist 10 April 2026

The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY).

Fed’s Daly: If inflation stays elevated, we would hold steady 10 April 2026

Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, told Reuters in an interview on Friday that if Iran conflict is resolved quickly and Oil prices come back down, a rate cut may not be out of the question.

China: Growth risks skewed to upside in Q1 – Commerzbank 10 April 2026

Commerzbank’s Dr. Henry Hao sees upside risks to China’s Q1 2026 GDP versus the bank’s 4.6% forecast, supported by resilient exports and front‑loaded public investment. Industrial production is projected to grow 5.5% year‑on‑year, while retail sales slow to 2.5%.

United Kingdom CFTC GBP NC Net Positions: £-56.4K vs previous £-52.7K 10 April 2026

United Kingdom CFTC GBP NC Net Positions: £-56.4K vs previous £-52.7K

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United States CFTC Gold NC Net Positions: $156.3K vs previous $163.2K 10 April 2026

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Australia CFTC AUD NC Net Positions dipped from previous $81.5K to $70.8K 10 April 2026

Australia CFTC AUD NC Net Positions dipped from previous $81.5K to $70.8K

Eurozone CFTC EUR NC Net Positions: €-7.5K vs previous €0.5K 10 April 2026

Eurozone CFTC EUR NC Net Positions: €-7.5K vs previous €0.5K

United States CFTC S&P 500 NC Net Positions declined to $-45.7K from previous $-42.5K 10 April 2026

United States CFTC S&P 500 NC Net Positions declined to $-45.7K from previous $-42.5K

Japan CFTC JPY NC Net Positions dipped from previous ¥-72.9K to ¥-93.7K 10 April 2026

Japan CFTC JPY NC Net Positions dipped from previous ¥-72.9K to ¥-93.7K

Taiwan: Trade boom drives bold growth upgrade – ING 10 April 2026

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S&P 500 fights for eighth straight gain on Friday afternoon 10 April 2026

The S&P 500 is struggling to hold onto what would mark its eighth consecutive day of gains on Friday.

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MAS: Policy slope hike and inflation focus – DBS 10 April 2026

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Gold Prices Look to Real Rates as November FOMC Nears, PMI Data Due

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