NewsSignals AI analysis·Mint·Nov 2, 2026

Rates crash: Gold price slips 7%, silver tanks 20% in Oct: Is Dhanteras 2026 right time to buy? What should investors do

Grade Abearish AI signal$XAU$XAG

Gold and silver suffered a sharp October sell-off, with MCX gold futures falling around 7% and silver plunging nearly 20% ahead of Dhanteras and Diwali. Both metals rebounded on November 2, with gold gaining up to 0.42% and silver rising as much as 2%, although analysts say the broader trend remains weak. Further interest-rate concerns could pressure precious metals, while lower prices may attract long-term buyers through staggered accumulation rather than large lump-sum purchases.

Bullish strength: 40/100

Gold and silver prices rebounded on November 2 as global bullion markets stabilized.
Lower prices could attract festive-season and long-term physical demand.
Analysts identify central-bank buying and gold's inflation-hedge role as potential supports.

Bearish strength: 60/100

MCX gold futures fell around 7% in October.
MCX silver futures plunged nearly 20% in October.
Higher US interest-rate expectations are adding pressure on gold.
Analysts caution that the broader trend remains weak and a confirmed market bottom has not been established.
A break below identified support levels could trigger further selling.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

Read the original source ↗

← Browse more news analysis

Trade on MEXC

More recent source-attributed AI analysis in macro.

Gold climbs to two-week high as dollar, yields weaken

Gold climbed 1% to $4,102.50 per ounce, reaching its highest settlement since October 21 as a weaker US dollar and falling Treasury yields boosted demand. The 10-year Treasury yield dropped 5.5 basis points to 4.836%, while silver gained 0.2% to $52.233 per ounce. Gold could face renewed selling pressure if Friday's US jobs report strengthens expectations for a December Fed rate hike, despite improving near-term momentum.

Goldman Sachs trims gold forecasts as Fed stays hawkish

Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650 and its end-2027 target to $4,800 from $5,400, citing the Federal Reserve's increasingly hawkish policy stance. The bank warned that higher oil prices and equity-market drawdowns could trigger additional gold selling, while central-bank demand and long-term investor interest remain supportive. Lower price targets could pressure gold sentiment, although persistent structural demand may limit downside and support longer-term prices.

Goldman Sachs lowers gold price forecasts on hawkish Fed outlook

Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650, citing the Federal Reserve's increasingly hawkish policy outlook. The bank also reduced its end-2027 forecast to $4,800 from $5,400, warning that higher interest rates could weigh on investor demand despite continued central-bank buying. Persistent monetary tightening and potential oil-driven selling could pressure gold, although structural central-bank demand and fiscal-risk hedging may limit downside.

Treasury Yields Hover Around Two-Month Lows Ahead of Payrolls — Market Talk

U.S. Treasury yields are hovering near two-month lows as bond markets increasingly price in the possibility of a December Federal Reserve rate hold ahead of October payrolls. The 10-year yield fell to 4.836% and the two-year to 4.475%, while December rate-hold odds climbed to 35% from 17% in one day. Tomorrow's jobs report could trigger a sharp repricing of rate expectations, potentially driving renewed volatility across Treasury yields, the dollar and gold.