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Global Gold Prices Strengthen Again
The movement of XAUt is inseparable from the price of the physical gold that serves as its underlying asset.
In Wednesday morning trading, the spot gold price rose by approximately 0.46% to US$4,387 per troy ounce. This strengthening occurred as investors awaited United States inflation data while monitoring rising geopolitical risks.
The spot gold movement is also very close to the XAUt price, which is around US$4,389. This aligns with the characteristics of Tether Gold, which is designed to provide exposure to physical gold.
The price of XAUt on an exchange does not always have to be identical to the spot gold price at all times. Liquidity, spreads, demand on the exchange, and price update times can cause temporary discrepancies between the two.
What Is XAUt and What Backs Its Price?
Tether Gold is a blockchain-based token that provides ownership of physical gold.
According to Tether Gold's official reserve report, the gold reserves used to back XAUt must include at least one fine troy ounce of gold for every one XAUt token. The reserve report is published quarterly and is accompanied by a report from independent auditor BDO Italia.
In the latest report available on the Tether Gold website, the custodian holds approximately 707,747 fine troy ounces of gold, while the number of XAUt tokens sold is approximately 612,824 tokens.
Because each token is linked to one fine troy ounce of gold, XAUt price movements generally follow global gold prices.
XAUt Approaches US$4,400 Resistance
Based on the latest 24-hour trading range, XAUt reached approximately US$4,389.86, while its low point was around US$4,338.26.
From that range, the technical areas to watch are:
XAUt Support:
The US$4,335–US$4,340 area serves as short-term support as it is close to the 24-hour low.
If selling pressure pushes the price below that area, XAUt may retest lower levels.
XAUt Resistance:
The US$4,390–US$4,400 area is the immediate resistance. XAUt is currently very close to that zone.
If the price can consistently break through US$4,400, the next focus may shift to recent gold highs.
These levels are editorial technical estimates based on recent price ranges and are not a guarantee of future price direction.
Gold Touches Two-Month High
Gold momentum has actually been strengthening since the previous trading session.
On August 11, the spot gold price touched approximately US$4,434.84 per ounce, the highest level since June 5, before subsequently undergoing a correction.
The strengthening of gold in recent days has been supported by a combination of shifting expectations regarding U.S. interest rates and rising geopolitical tensions. In morning trading on August 12, gold prices rose again as the market monitored attacks on shipping activities in the Middle East and developments in U.S.-Iran relations.
These conditions have brought gold and assets that track its value, such as XAUt, back into the spotlight for investors.
U.S. CPI Tonight to Be Key Catalyst for XAUt
The future movement of XAUt will likely be heavily influenced by U.S. inflation data.
The Bureau of Labor Statistics is scheduled to release the July 2026 Consumer Price Index on August 12 at 8:30 AM ET, or around 7:30 PM WIB. The U.S. CPI in June previously fell 0.4% month-on-month and rose 3.5% year-on-year.
A Reuters survey shows the market expects July CPI to rise by approximately 0.1% month-on-month, while annual inflation is expected to slow to around 3.4% from 3.5%.
This data is significant for gold as it could alter expectations regarding Federal Reserve policy.
If inflation is lower than expected, expectations for looser monetary policy may increase. Lower interest rates typically reduce the opportunity cost of holding gold, as gold does not generate interest.
Conversely, a higher-than-expected CPI could increase expectations for higher interest rates and put pressure on gold and XAUt.
Both scenarios represent possible market reactions and are not predictions that XAUt will definitely move in a specific direction.
XAUt Still Rising Sharply Over the Week
Although 24-hour movement has been relatively limited, XAUt continues to show strong performance over a longer period.
Historical data from CoinGecko shows that the price of XAUt was around US$4,230 on August 6, then rose to approximately US$4,327 on August 7 and US$4,373 on August 10. The closing price on August 11 was recorded at around US$4,349.
With the current price back near US$4,390, XAUt has maintained most of the gains made since the beginning of August.
Can XAUt Return to US$4,400?
In the very short term, the US$4,390–US$4,400 area is a critical level, as the current price of XAUt is already near that resistance.
Spot gold movement is also a key indicator. The price of gold is around US$4,387 per ounce this morning, so a move toward or above US$4,400 for gold could potentially be reflected in XAUt.
However, the US CPI report tonight could trigger significant volatility. The reaction of the US dollar, Treasury yields, and shifts in interest rate expectations following the CPI will likely be key factors for gold prices.
Conclusion
The price of XAUt today, August 12, 2026, is around US$4,389 or IDR 77.6 million per token. The price is trading near its 24-hour high of around US$4,390, while short-term support sits around US$4,335–US$4,340.
The strengthening of XAUt is in line with spot gold, which has risen to around US$4,387 per ounceThe market is currently still influenced by geopolitical risks and is awaiting US CPI data scheduled for tonight at 7:30 PM WIB.
For the short term, US$4,390–US$4,400 are resistance levels to watch. However, the next direction will likely be highly sensitive to the CPI results and the global market's reaction once the inflation data is released.
Follow today's complete market updates, including movements in gold prices, global stocks, and other assets in our daily market update, or check today's Bitcoin price if you are also following crypto market developments.
Disclaimer: This information is for educational purposes only and does not constitute a recommendation to buy or sell XAUt. Gold and digital asset prices can change rapidly. Always conduct your own research and align investment decisions with your risk profile.
