GoldFrom the archive
India inflation and Japan output: the gold calendar
India inflation and Japan industrial output in the 14 September 2026 gold calendar: a review covering 0 high-impact and 10 medium-impact calendar events.
At a glance
Figures recorded in the archived calendar · 14 Sep 2026
- Industrial Production (MoM): reported -0.2%; forecast 0.1%; previous 1.9%.
- WPI Inflation (YoY): reported 9.92%; forecast 9.89%; previous 9.78%.
- PPI (MoM): reported 0.7%; forecast 0.1%; previous -0.1%.
Market analysis
As of 14 September 2026, the Bullion Brains economic calendar recorded 37 events in Asia/Kolkata time. Industrial Production (MoM) was the highest-ranked entry in the archived calendar. This review examines the release evidence and the links between economic news and MCX gold.
The economic calendar on 14 September 2026
The Bullion Brains calendar recorded 37 events on 14 September 2026. Release times in this report use the Asia/Kolkata time zone.
The calendar included 0 high-impact and 10 medium-impact observations. “Above forecast” and “below forecast” describe the difference from consensus; neither establishes whether a release is bullish or bearish for gold.
Scroll horizontally to compare all figures
| Event | IST time | Market | Impact | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Industrial Production (MoM) | 10:00 | JPY | medium | -0.2% | 0.1% | 1.9% |
| WPI Inflation (YoY) | 12:00 | INR | medium | 9.92% | 9.89% | 9.78% |
| PPI (MoM) | 12:00 | CHF | medium | 0.7% | 0.1% | -0.1% |
| New Loans | 13:30 | CNY | medium | 60B | 480B | -340B |
| ECB's Schnabel Speaks | 14:45 | EUR | medium | — | — | — |
| CPI (YoY) | 16:00 | INR | medium | 4.82% | 4.8% | 4.45% |
| Core CPI (MoM) | 18:00 | CAD | medium | 0.1% | 0.2% | 0.2% |
| Core CPI (YoY) | 18:00 | CAD | medium | 2.4% | — | 2.3% |
| CPI (MoM) | 18:00 | CAD | medium | -0.1% | -0.1% | 0.5% |
| ECB President Lagarde Speaks | 20:45 | EUR | medium | — | — | — |
These figures describe a past session. Revisions and the response across related markets matter more than the initial headline.
What the releases mean for gold
Inflation data influences gold through expectations for real interest rates and central-bank policy. The release needs to be assessed against forecasts and revisions, then alongside the response in yields and the dollar. An inflation reading alone does not establish a reliable price direction.
Growth data can have competing effects on gold. Stronger activity can lift yields, while weaker activity can increase demand for defensive assets. The response across related markets helps establish which influence prevailed.
Central-bank statements and sovereign bond auctions can change both the level and shape of the yield curve. Their relevance to MCX gold also depends on the response in COMEX gold and USDINR, which underpin the local fair-value comparison.
- Interest rates: assess the release alongside Treasury yields and interest-rate expectations.
- Currency effects: consider the dollar first, then USDINR and any local divergence driven by the RBI.
- COMEX and MCX: compare matching active contracts before interpreting a premium or discount.
- Physical market: distinguish local premiums and taxes from the international price move.
Reading the market response
A sound interpretation begins with the release time and any revisions to the actual, forecast or previous figures. The initial response in U.S. yields and the dollar provides context for comparing COMEX gold, USDINR and the active MCX contract at matching times.
Comparisons with MCX need consistent units, contract months, duty and tax assumptions, and clearly stated data times. When prices come from different sessions, an apparent gap may reflect the timing difference rather than a market dislocation.
This review does not reconstruct historical price moves. The archived calendar establishes the recorded release information; attributing an intraday move to a particular release would require market data from the same period.
- Refer to the originating agency release and any subsequent revisions.
- Use matching COMEX, USDINR and MCX timestamps when calculating parity.
- Distinguish scheduled speeches from releases of economic data.
- Consider which evidence would challenge the initial interpretation.
Sources and limitations
The calendar information is drawn from the Investing.com feed and presented in India time. Official statistical agencies and central banks remain the authoritative sources for definitions, revisions and notes accompanying each release.
This is a historical review, not a current trading signal or investment recommendation. It does not imply that a similar release will produce the same market response in a future session.
Editorial review and verification
Automated review cross-checked India WPI and CPI, Swiss producer/import prices, Canada CPI and ECB speaking items against primary official releases or official event listings. Japan industrial production, China credit rows, provider forecasts and remaining low-impact fields remain provider-snapshot observations, not independently verified official actuals. No causal gold, COMEX, USDINR or MCX price move is inferred.
This report was reviewed by an automated editorial system and has not received human sign-off. The source list distinguishes primary-source checks from information supplied by the calendar provider; a calendar link alone does not establish independent verification.
Questions & answers
What did the economic calendar show on 14 September 2026?
The Bullion Brains calendar recorded 37 events, including 0 high-impact and 10 medium-impact observations. The table presents the selected actual, forecast and previous figures, with release times in IST.
Does an above-forecast release automatically mean gold should fall?
No. Gold can respond through interest rates, the dollar, demand for defensive assets, positioning and local currency movements. The response across these markets needs to be considered before assigning a direction or a cause.
How can traders use this historical review?
Read the report to understand the release sequence and the evidence used to interpret it. Consult the live calendar and fair-value tool for current timestamps. This review provides educational context, not a buy or sell signal.
Sources & methodology11 references
Editorial review
Automated review · Bullion Brains automated editorial review
Author: Bullion Brains Research Desk. This article includes AI-generated content.
Published · Updated .
This article has not received human editorial sign-off.
Automated review completed .
Automated review cross-checked India WPI and CPI, Swiss producer/import prices, Canada CPI and ECB speaking items against primary official releases or official event listings. Japan industrial production, China credit rows, provider forecasts and remaining low-impact fields remain provider-snapshot observations, not independently verified official actuals. No causal gold, COMEX, USDINR or MCX price move is inferred.
Source references
References include publication dates, supporting evidence and any limitations.
Bullion Brains economic calendar snapshot: 2026-09-14
Open sourceUsed in this analysis
- Bullion Brains persisted 37 calendar occurrences for 2026-09-14, with timestamps normalized to Asia/Kolkata for this report.
- Industrial Production (MoM) (JPY) was recorded at 10:00 IST as -0.2% actual versus 0.1% forecast and 1.9% previous.
- WPI Inflation (YoY) (INR) was recorded at 12:00 IST as 9.92% actual versus 9.89% forecast and 9.78% previous.
- PPI (MoM) (CHF) was recorded at 12:00 IST as 0.7% actual versus 0.1% forecast and -0.1% previous.
- New Loans (CNY) was recorded at 13:30 IST as 60B actual versus 480B forecast and -340B previous.
- ECB's Schnabel Speaks (EUR) was recorded at 14:45 IST as a scheduled qualitative event with no numeric consensus field.
- CPI (YoY) (INR) was recorded at 16:00 IST as 4.82% actual versus 4.8% forecast and 4.45% previous.
- Core CPI (MoM) (CAD) was recorded at 18:00 IST as 0.1% actual versus 0.2% forecast and 0.2% previous.
- Core CPI (YoY) (CAD) was recorded at 18:00 IST as 2.4% actual versus 2.3% previous.
- CPI (MoM) (CAD) was recorded at 18:00 IST as -0.1% actual versus -0.1% forecast and 0.5% previous.
- ECB President Lagarde Speaks (EUR) was recorded at 20:45 IST as a scheduled qualitative event with no numeric consensus field.
Limitations
- Calendar values can be revised by the originating statistical agency after the first release.
- A calendar observation does not by itself prove the direction or size of a gold, USDINR, COMEX, or MCX price move.
Investing.com Economic Calendar
Open sourceUsed in this analysis
- The Bullion Brains event store is populated from the Investing.com economic-calendar occurrence feed.
Limitations
- Bullion Brains preserves a dated snapshot so later upstream revisions remain distinguishable.
U.S. Bureau of Labor Statistics release calendar
Open sourceUsed in this analysis
- U.S. Bureau of Labor Statistics is the primary verification route for relevant release timing, definitions, or revisions cited by this report.
Limitations
- Use the dated agency release or table—not the calendar label alone—when a later revision matters.
Euro indicators release calendar
Open sourceUsed in this analysis
- Eurostat is the primary verification route for relevant release timing, definitions, or revisions cited by this report.
Limitations
- Use the dated agency release or table—not the calendar label alone—when a later revision matters.
National Accounts of Japan
Open sourceUsed in this analysis
- Economic and Social Research Institute, Cabinet Office, Japan is the primary verification route for relevant release timing, definitions, or revisions cited by this report.
Limitations
- Use the dated agency release or table—not the calendar label alone—when a later revision matters.
Provisional estimates of Wholesale Price Index for August 2026
Open sourceUsed in this analysis
- All-India WPI inflation for August 2026 was 9.92% year-on-year versus 9.78% in July 2026; food articles, fuel and power, and manufactured products were 5.67%, 22.93%, and 8.37% year-on-year respectively.
Press release of Consumer Price Index on base 2024=100 for August 2026
Open sourceUsed in this analysis
- India's August 2026 CPI release reported retail inflation at 4.82% based on the all-India Consumer Price Index.
Producer and Import Price Index rose by 0.7% in August
Open sourceUsed in this analysis
- Switzerland's Producer and Import Price Index rose 0.7% month-on-month in August 2026 and was 0.7% lower than August 2025.
Consumer Price Index, August 2026
Open sourceUsed in this analysis
- Canada's CPI rose 3.0% year-on-year in August 2026, matched July's 3.0% increase, and fell 0.1% month-on-month.
European Central Bank news, speeches and publications for 14 September 2026
Open sourceUsed in this analysis
- The ECB listed 14 September 2026 speeches by President Christine Lagarde and Executive Board member Isabel Schnabel.
Indices of Industrial Production for July 2026, preliminary report
Open sourceUsed in this analysis
- METI is the official publication route for Japan industrial production releases; the 14 September 2026 row is retained as a provider-snapshot value unless a dated August official table is inspected.
Evidence review
Industrial Production (MoM) (JPY) was recorded at 10:00 IST as -0.2% actual versus 0.1% forecast and 1.9% previous.
Claim sourceIndustrial Production (MoM): -0.2% actual versus 0.1% forecast and 1.9% previous; stored occurrence 555993.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
WPI Inflation (YoY) (INR) was recorded at 12:00 IST as 9.92% actual versus 9.89% forecast and 9.78% previous.
Claim sourceWPI Inflation (YoY): 9.92% actual versus 9.89% forecast and 9.78% previous; stored occurrence 556014.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
PPI (MoM) (CHF) was recorded at 12:00 IST as 0.7% actual versus 0.1% forecast and -0.1% previous.
Claim sourcePPI (MoM): 0.7% actual versus 0.1% forecast and -0.1% previous; stored occurrence 556017.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
New Loans (CNY) was recorded at 13:30 IST as 60B actual versus 480B forecast and -340B previous.
Claim sourceNew Loans: 60B actual versus 480B forecast and -340B previous; stored occurrence 556876.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
ECB's Schnabel Speaks (EUR) was recorded at 14:45 IST as a scheduled qualitative event with no numeric consensus field.
Claim sourceECB's Schnabel Speaks: a scheduled qualitative event with no numeric consensus field; stored occurrence 557346.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
CPI (YoY) (INR) was recorded at 16:00 IST as 4.82% actual versus 4.8% forecast and 4.45% previous.
Claim sourceCPI (YoY): 4.82% actual versus 4.8% forecast and 4.45% previous; stored occurrence 556028.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
Core CPI (MoM) (CAD) was recorded at 18:00 IST as 0.1% actual versus 0.2% forecast and 0.2% previous.
Claim sourceCore CPI (MoM): 0.1% actual versus 0.2% forecast and 0.2% previous; stored occurrence 556033.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
Core CPI (YoY) (CAD) was recorded at 18:00 IST as 2.4% actual versus 2.3% previous.
Claim sourceCore CPI (YoY): 2.4% actual versus 2.3% previous; stored occurrence 556035.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
CPI (MoM) (CAD) was recorded at 18:00 IST as -0.1% actual versus -0.1% forecast and 0.5% previous.
Claim sourceCPI (MoM): -0.1% actual versus -0.1% forecast and 0.5% previous; stored occurrence 556037.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.
ECB President Lagarde Speaks (EUR) was recorded at 20:45 IST as a scheduled qualitative event with no numeric consensus field.
Claim sourceECB President Lagarde Speaks: a scheduled qualitative event with no numeric consensus field; stored occurrence 557347.
Contradiction check: Snapshot accessed 2026-09-15; subsequent agency revisions may supersede the initial value.
Reviewer action: Recheck the originating agency if the value is later revised.