Gold price prediction today: Why are gold prices down to 7-week low? Check September 30, 2026 outlook - The Times of India

AI desk brief

Gold has fallen nearly 12% from its August highs to a seven-week low of $4,111/oz as higher Treasury yields and a firmer dollar continue to weigh on prices; the article says the near-term bias remains cautious. Key support is $4,100/$4,025 on spot gold, with resistance at $4,300/$4,380, while silver is quoted at $61/oz with support at $59/$57 and resistance at $63.50/$65.50.

The main catalysts into week-end are today’s US PCE inflation print and Friday’s payrolls, which will shape October Fed expectations. The piece also flags rising gold ETF holdings despite the selloff, potential seasonal support from China’s Golden Week buying period, and geopolitical upside risk from Iran-related headlines; a soft PCE/weak jobs print could ease yields and stabilize gold, while hot data risks a retest of the $4,110 low and a move toward $4,000.