Daily Gold Market Update - 04 September 2026
Daily Gold Market Update - 04 September 2026
Status: No confirmed pullback
Instrument: COMEX gold futures (XAU/USD proxy) (GC=F)
Price: 4522.7
Downside score: 23/100
Technical Read
| Metric | Value |
|---|---|
| 20-day average | 4464.25 |
| 50-day average | 4231.62 |
| RSI (14) | 58.5 |
| MACD / signal | 65.641 / 86.039 |
| Five-day change | -1.89% |
Estimated Indian Gold Rates
24K: ₹155,360 per 10g
22K: ₹142,410 per 10g
| Session | 24K ₹/10g | 22K ₹/10g |
|---|---|---|
| 29 Aug | ₹158,240 | ₹145,050 |
| 30 Aug | ₹158,240 | ₹145,050 |
| 31 Aug | ₹156,770 | ₹143,700 |
| 01 Sep | ₹154,090 | ₹141,250 |
| 02 Sep | ₹152,020 | ₹139,350 |
| 03 Sep | ₹155,350 | ₹142,400 |
| 04 Sep | ₹155,360 | ₹142,410 |
Seven-Session 24K Trend
Next-Session Scenario Forecast
Bias: Neutral / range-bound bias
24K range: ₹153,162 - ₹157,558 per 10g; central scenario ₹155,360
22K range: ₹140,395 - ₹144,425 per 10g; central scenario ₹142,410
- price remains above the 20-day average
- US dollar is easing
- global news retains safe-haven themes
- Fed and inflation headlines pressure gold
- recent five-day price momentum is negative
Macro Inputs
| Factor | Latest | Five-day change |
|---|---|---|
| US Dollar Index | 98.987 | -0.17% |
| US 10Y Yield | 4.762 | 1.93% |
| VIX | 14.32 | -1.31% |
| S&P 500 | 7747.71 | 0.22% |
| USD/INR | 94.475 | -1.04% |
| Crude | 91.9 | 10.02% |
Signal Factors
- MACD below its signal
- negative five-day return
- news includes gold-bearish macro themes
- news includes safe-haven support themes
Relevant News Themes
- Gold jumps 2% as Fed Governor's comments temper rate hike bets - BusinessLine
- Gold Rises 3% As Dollar Weakens, Rate Hike Expectations Fall - Forbes
- Gold rebounds above $4,450 as Waller tempers Fed rate hike bets ahead US jobs data - FXStreet
- Netherlands Moves Gold From New York to London, Citing Geopolitical Unrest - WSJ
- Dutch Central Bank Cuts Gold Reserves in U.S., Citing ‘Geopolitical Unrest’ - The New York Times
Hyderabad rates are sourced from Goodreturns and are indicative city retail rates before GST, jeweller premium, making charges, and local taxes. USA, China, Russia, war, tariffs, Trump-related policy, and other geopolitical events are classified as news context only; they do not independently create an alert. The forecast is a scenario range, not a guarantee. This is educational market research, not investment advice.
Comments
Post a Comment