Has the global gold price entered a recovery cycle? - Vietnam.vn

AI desk brief

Gold rose about 1% on Oct. 27 as softer oil prices eased inflation चिंता and traders waited for the Fed meeting and Thursday’s PCE inflation print. Spot gold finished at $4,055.14/oz after briefly dipping to $3,987.14/oz intraday, while December futures closed at $4,074.60/oz.

The tape remains split between support from lower energy prices and geopolitical tensions in the Middle East versus headwinds from high U.S. yields and a firm dollar. CME FedWatch still implies an 83% chance of another Fed hike in December, while analysts surveyed by Reuters cut 2026 gold forecasts for a second straight quarter; State Street still sees $4,750-$5,500/oz by end-Q1 2027, and Standard Chartered flags $3,886/oz as key support.