Overview
- Spot prices rebounded this week and hovered near $4,080–$4,110 after snapping a multi‑day losing streak, though early Thursday trade showed a slight pullback with a firmer dollar.
- Fed meeting minutes signaled caution on further easing, and market odds for a December cut have slipped to roughly 40–49%, tempering bullion’s upside.
- Japan’s escalating bond‑market stress tied to a proposed ¥25 trillion fiscal package drove additional safe‑haven flows into gold, analysts said.
- Central‑bank accumulation and longer‑term buying have underpinned a roughly 55% year‑to‑date gain, putting gold on track for its strongest year since 1979.
- Local markets swung sharply, with Pakistan’s APGJSA reporting a Rs7,900 jump to Rs431,562 per tola, while Indian futures and spot rates tracked the global range.