37 Weekly ReportGoldOANDA:XAUUSDHaloDestiny* Inflation remains the dominant macro theme → U.S. PPI rose to 5.4%, while CPI held at 3.4%; energy remains the main source of pressure. * Fed hike expectations surged → September pricing moved into the 74%–90% range as markets prepare for next week’s FOMC. * Yields stay elevated → the U.S. 10-year reached 4.943%, keeping pressure on rate-sensitive assets. * Dollar remains range-bound → key levels are 99.30–99.70 resistance and 98.45–98.85 support. * Gold stays in consolidation → 4,400–4,435 resistance versus 4,280–4,300 support; a break of 4,282 risks deeper downside. * Oil and geopolitics remain important → higher energy costs reinforce the inflation narrative. * Main focus next week → FOMC guidance, the dot plot and Powell’s tone will likely determine the next major move across USD, gold and yields.