Gold Prices Lack Direction Ahead of CPI; Rate Cut Uncertainty Weighs on Precious Metals
Published: February 14, 2026
CPI in Focus as Gold Trades Sideways
Gold prices steadied during early Asian trading but remained under pressure as uncertainty surrounding the Federal Reserve’s rate outlook intensified. Markets are now focused on the upcoming U.S. Consumer Price Index (CPI) release for further inflation signals.
Spot gold slipped 0.1% to $4,915.40 per ounce, while April futures fell to $4,937.60 per ounce. The metal had dropped more than 3% in the previous session.
Dollar Strength and Labor Data Weigh
Stronger-than-expected U.S. nonfarm payrolls data reduced expectations for aggressive rate cuts, supporting the U.S. dollar and pressuring precious metals.
Outlook and Volatility
Gold has struggled to find clear direction since late January’s flash crash. Elevated volatility continues to impact investor positioning ahead of key inflation data.
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