Gold price prediction: What's rate outlook for September 22 - why Rs 1,08,500 is crucial level

Gold terms prediction today: Gold prices are expected to support their bullish trend, and a bargain connected dips strategy whitethorn enactment good for investors, says Manav Modi, Senior Analyst, Commodity Research astatine Motilal Oswal Financial services Ltd. Here is his outlook for golden prices successful the coming days:Gold started past week with immoderate nett booking aft scaling grounds highs but losses were constricted amid anemic US jobs data, rupee depreciation and expectations of a complaint chopped from the Federal Reserve. Market sentiment was influenced by higher-than-expected ostentation data, softer labour marketplace numbers, and a crisp driblet successful non-farm payrolls, starring participants to terms successful astatine slightest a 25 bps cut, with immoderate adjacent anticipating a 50 bps move.The Fed gathering came against a analyzable backdrop of governmental tussles, including ineligible challenges astir its enactment and President Trump’s propulsion for a deeper complaint cut, highlighting risks to the cardinal bank’s independence. On the geopolitical front, Middle East tensions, NATO’s beingness successful Eastern Europe, and Israel’s subject escalation successful Gaza added a hazard premium, further supporting safe-haven demand.

While US retail income and concern accumulation amazed connected the upside, concerns linger implicit slowing labour markets, tariff-driven terms pressures, and planetary commercialized uncertainty. Fed yet delivered a 25 bps complaint cut, labelling it a “risk-management cut,” portion besides raising GDP forecasts and keeping ostentation risks successful focus. Although US yields and the dollar initially slipped, some rebounded aft Powell’s cautious tone, which signaled further cuts successful 2025 but caution beyond.

Gold concisely retreated astir 1% post-policy but continues to hover adjacent to historical peaks arsenic investors measurement Fed guidance and geopolitical risks.Even aft the overmuch awaited Fed meeting, marketplace participants are awaiting immoderate clarity arsenic Fed Chair’s comments and forecasts person kept the marketplace connected edge. Along with the monetary argumentation path, Geo-political improvement and President Trump’s effort for MAGA is besides creating uncertainties and supporting bullion. The caller announcement from the Trump medication to summation fees of H-1B visas could besides summation unrest and make an contented for immigrants. This week a slew of Fed officials are expected to marque an quality including Governor Powell which could springiness america much clarity connected past week’s decision. Focus present besides shifts to Preliminary PMI information from large economies, US GDP, ostentation and durable goods orders data.Profit booking could beryllium witnessed arsenic we hover adjacent all-time highs, nevertheless bargain connected dips tin beryllium maintained for Gold this week.Till prices are supra Rs 1,08,500, immoderate dip could beryllium utilized arsenic an buying accidental for caller each times, targeting Rs 1,11,000 - Rs 1,12,000.(Disclaimer: Recommendations and views connected the banal marketplace and different plus classes fixed by experts are their own. These opinions bash not correspond the views of The Times of India)