Gold price outlook 2026: Will prices recover or fall further? - Telangana Today

AI desk brief

Gold rebounded to around $4,194/oz on Oct. 9 after falling to $4,113.89/oz on Oct. 7, as a weaker dollar and bargain buying offset pressure from higher U.S. Treasury yields. The article says gold is still about 25% below its estimated Jan. 29 peak of $5,595/oz, underscoring how sharply the market has corrected despite the recent bounce.

JPMorgan Global Research is cited with a Q4 2026 average gold forecast of $6,000/oz, down from a prior $6,300/oz estimate but still pointing higher over the medium term. Near-term direction hinges on the Fed path, real yields, the dollar, inflation, energy prices and geopolitical risk, with the article warning that further downside remains possible if yields and the dollar keep rising.