Gold falls below $4,300 on Fed hawkish signals - mitrade.com

AI desk brief

Gold slipped to around $4,290/oz in Asian trade as hawkish Fed messaging lifted October hike odds to 69.7% from 48.7% a week earlier, pressuring non-yielding bullion. The article flags near-term downside risk while XAU/USD holds below the 100-day SMA, with $4,222 cited as key support and resistance at $4,375/$4,530.

Offsetting the Fed headwind, ING says China’s physical gold imports surged 39.3% YoY to 141.7t in August, taking YTD imports to a record 1,141.2t, up 72.2%. Chinese gold ETFs also added about 44t through August (+18% from the start of the year), while global ETF holdings were broadly unchanged, underscoring China-centric demand support.