Latest News,
Trump: Effective immediately, there is an energy ceasefire in the war between Russia and Ukraine
Zelenskyy: Discussed the energy ceasefire announced by Trump. Ukraine supports the ceasefire, and it is important that Russia supports it as well
Effect: This is negative for Bullion
The World Gold Council article, published on October 9, 2026, highlights a divergence between short-term selling pressure and longer-term investment demand.
Key points
– Gold fell sharply: Gold closed September at $4,176 per ounce, down 8.5% for the month.
– US dollar and bond yields rose: The US 10-year Treasury yield increased by 0.53 percentage points to 5.3%, while the US Dollar Index (DXY) rose 2%. Both movements put pressure on gold.
– Gold ETFs attracted money despite falling prices: Global gold ETFs received approximately $10 billion, equivalent to 67 tonnes of gold, during September.
– Futures traders reduced exposure: COMEX managed-money net positions fell by $12 billion, equivalent to 84 tonnes. This liquidation likely contributed to the decline.
– UK investors bought gold aggressively: UK-listed gold ETFs attracted 54 tonnes during Q3, substantially above the model’s predicted 18 tonnes.
– Fiscal concerns may be driving demand: Investors may be concerned that rising government bond yields reflect growing fiscal risks, inflation uncertainty or doubts about monetary-policy credibility—not simply stronger economic growth.
– October is important: If bond yields remain high despite expectations of less restrictive central-bank policy, it could suggest deeper fiscal concerns that may support gold demand.
In short – Gold will remain downside till the time Future traders n money managers are not making their buy position- as soon as they start it Gold will start sky rocket – other wise Gold will stay on side ways only – with a limited downside only.
XAGUSD – Gold
Range: 4215$ – 4090$
Our Preference: Sell Gold @ 4200$ 2nd @ 4215$ with SL 4228$ target 4115$
4115$ target may come in tomorrow not today cause of Bank Holidays in US-CAN – so need to hold on overnight position.
Trading Zone
4171$ Buy @ 1st stroke for jobbing
4142$ Buy for session
4115$ Last Buy
Maintain SL of 7$ for Jobbing
XAGUSD – Silver
Range: 61.50$ – 58$
Our Preference: Sell Silver @ 61.20$ for target 59$ with SL 61,80$
Alternative Scenario: Buy Silver @58.50$ with SL 57.90$ target 60$
Silver may try to touch 55$ for the one time – is possible according to it MCX Silver can be move the same way.
