Gold price outlook: Prices could remain range-bound despite strong gains; here's why - timesofindia.indiatimes.com

AI desk brief

Gold is expected to stay volatile and range-bound near term as traders balance dollar and Treasury-yield moves against Middle East risks, crude oil, and upcoming macro data. MCX October gold rose Rs 1,597 (+1.04%) last week to Rs 1.54 lakh/10g, while Comex December gold closed at $4,424.9/oz; silver also outperformed, up nearly 3% on MCX to Rs 2.41 lakh/kg and 3% in New York to $67.15/oz.

Analysts said buying emerged on dips after a weak opening, with the dollar index and US Treasuries giving back some gains after the Fed’s 25 bp hike. Investor demand remains strong, with continued ETF inflows over the past 7-8 trading sessions, while Monday’s People’s Bank of China policy decision and incoming PMI, housing, durable goods and sentiment data are seen as the next catalysts.