Gold’s 26% correction improves entry point, says Tata MF
Tata Mutual Fund notes gold has corrected 26% from its 2026 peak, potentially improving the entry for long-term investors, while cautioning against short-term timing.
Gold Market
Tata Mutual Fund notes gold has corrected 26% from its 2026 peak, potentially improving the entry for long-term investors, while cautioning against short-term timing.
TD Securities says gold is outperforming other precious metals despite rising energy prices and Fed hike expectations. Near-term CTA selling is possible below key levels, but longer-term support remains robust.
TD Securities says gold has held firm despite higher Fed rate hike odds. The next big test is US inflation data, with structural demand still underpinning the metal.
Gold fell to a two-week low below $4,300/oz as higher oil prices revived US inflation concerns and reduced expectations of near-term Fed easing. ING strategists note profit-taking but see medium-term support from rate expectations, central bank buying and geopolitical uncertainty.
Gold has rallied 15% in August, supported by renewed ETF inflows, strong central bank buying, US rate expectations, Treasury buybacks and a weaker dollar.
Gold prices have surged sharply in August, supported by a weaker US dollar, expectations of monetary easing, geopolitical tensions, and sustained central-bank purchases. Strong Chinese demand and India’s upcoming festive and wedding season add further support.
Goldman Sachs now sees gold potentially exceeding its $4,900 year-end forecast, driven by rising call-option activity, Western investor interest and sustained central bank buying.
Gold declined on Thursday as investors locked in profits after the metal hit a two-month high. Analysts suggest the pullback is a consolidation within a broader uptrend, with key support at $4,400.
Gold dipped under $4,400 per ounce on Tuesday, reversing earlier gains as profit-taking and a broader metals correction outweighed support from diminished Fed tightening expectations.