Gold Futures Briefing — 2026-10-20
Gold futures are currently hovering at $4,121.32 per ounce, rebounding from the $4,000 support level following an 8.5% drop in September. While high inflation readings and rising oil prices are capping upside movement, rate cut expectations from central banks and record-high gold ETF demand are providing a strong floor. Technically, the $4,200 level acts as a key resistance, with central bank gold repatriation driven by geopolitical uncertainty emerging as a long-term demand factor.
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