XAUUSDGoldOANDA:XAUUSDAve4lla8USD, YIELDS & OIL | 4H MACRO REVIEW The US Dollar Index is weakening at 101.779, while the 10-year Treasury yield has pulled back to 5.081%. Both moves could provide short-term support for gold. Brent crude has surged to 111.771 (+3.69%), breaking above recent consolidation as Middle East tensions and oil supply risks fuel inflation concerns. Iran's latest proposal to reopen the Strait of Hormuz remains subject to negotiations. US September CPI came in at 3.7% year-on-year, above expectations, keeping inflation and Federal Reserve policy firmly in focus. Gold outlook: A weaker dollar and easing yields are supportive, but rising oil prices could reignite inflation and push yields higher again. The key is whether the dollar and yields continue lower or reverse as markets reassess inflation and geopolitical risk.