Gold price outlook: MCX gold slips for the week as US Fed rate hike bets rise; what’s next for the yellow metal?
AI Summary
The recent decline in MCX gold prices highlights the impact of rising US Treasury yields and hawkish signals from the Federal Reserve, which typically lead to a shift in investor preference towards yield-bearing assets. For retail investors, this trend suggests a cautious approach to gold investments, especially as the festive season approaches, where demand may provide some support. However, the overall sentiment remains bearish, and investors should be prepared for potential volatility in gold prices influenced by global economic developments.
MCX gold prices drifted lower throughout this week, giving up twice the gains recorded in the second week of September, as traders scaled back their bullion bets following hawkish signals from US Federal Reserve officials, higher US Treasury yields and rising global inflationary pressures.
MCX gold for October delivery closed lower in each of the last four trading sessions, causing it to drop ₹3,500 per 10 grams for the week, falling to ₹1,50,891. The losses were more than double the ₹1,597 gain recorded in the previous week.
Original Article
Published on Livemint
Frequently Asked Questions
What is this article about?
This is a market news update from Livemint, published on 25 September 2026.
Is this news positive or negative for markets?
TopFund's automated sentiment analysis reads this article as neutral in tone, based on the language used in the report. This is a general signal, not investment advice.
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The full article is available at the original source, Livemint — see the "Read Original Article" link on this page.