Will gold prices fall further? Check reasons behind the recent dip, forecasts and more - Livemint

AI desk brief

Gold has fallen about 5% in 2026 and 13.6% over the past six months, with spot quoted near $4,194.65/oz on 10 October as rising US yields and a firmer dollar pressure prices. The 10-year Treasury yield is around 5.27%, while the Dollar Index is up more than 3% this year, making non-yielding gold less attractive in the near term.

The article also cites supportive longer-term demand drivers: Mirae Asset MF sees central-bank buying near 700t in 2026 versus a 2010-2021 average of 470t, while JPMorgan forecasts $6,000/oz for Q4 2026 and about $6,300/oz by late 2027, though it cut its Q4 2026 outlook from $6,300. Iran-related energy risks, inflation concerns, and Indian festive/wedding demand are cited as potential supports, but the near-term bias remains tied to US rates and USD strength.