Gold price outlook: Can it dip further or reclaim its all-time peak? - The Financial Express

AI desk brief

Gold is being supported by the recent equity selloff and safe-haven demand even after hotter-than-expected US inflation, with the article citing spot support around $4,150 and key near-term resistance only above $4,300. The main bearish risks remain higher US bond yields, a stronger dollar and further Fed hikes; traders are watching the Oct. 27-28 FOMC, where rate-pause odds are said to be above 85%, while December hike bets remain above 70%.

On downside levels, the piece flags $4,100-$4,110 as the key floor; a close below that opens $4,000 and then $3,880-$3,900, while another analyst sees the June-July base at $3,940-$3,950 and a deeper slide to $3,800 if the Fed signals more tightening. Supportive flows remain in place, with global gold ETFs seeing record Q3 inflows of $31 billion and reported central-bank net buying of 39 tonnes in August, with provisional WGC data showing about 63 tonnes bought so far in September.