Gold Prices Sensitive to Fed, Oil, Dollar and Geopolitics

Gold prices are expected to remain highly sensitive to developments related to the US Federal Reserve, crude oil prices, the US dollar, and geopolitical tensions. These factors will play a crucial role in determining gold's direction in the near term, an expert said on September 13.

Last week, gold futures fluctuated between gains and losses but ultimately closed with a 1.5 per cent decline. The market remained under selling pressure throughout the week. Looking ahead, the expert noted that commentary from the Federal Reserve, movements in crude oil prices, fluctuations in the US dollar, inflation expectations, and geopolitical developments, including tensions in Iran, will be key drivers for gold prices.