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Gold steadies as investors eye Fed's December rate hike amid rising physical demand and geopolitical tensions.

Technical Signals
20 Oct 2026
FXEmpire
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Neutral
Gold steadies as investors eye Fed's December rate hike amid rising physical demand and geopolitical tensions.

Gold prices remained steady as investors focused on the Federal Reserve's upcoming meetings, with a near-certain pause in October but a 94% chance of a rate hike in December. Rising physical demand, especially in India during the festive season, contrasts with low supply. Silver demand is shifting, with imports to India down 49% year-on-year and industrial use expected to decline. Technical analysis shows gold is slightly bearish but stable around $4,132, while silver is neutral with a slight bullish bias near $57.43, awaiting confirmation of trend breakouts or breakdowns.

Gold and silver price forecasts come as 77 of 150 US stocks on Pluang rose while 70 fell, showing mixed market sentiment. For readers following this sector, here is Pluang's market snapshot as of Oct 20, 2026 13:11 WIB: FIRY (Firy Inc.) dropped 3.75% with 100% sell order activity, OPEN (Opendoor Technologies Inc) fell 3.41% with balanced buy/sell orders, and MMM (3M Company) gained 2.59% with nearly even buy and sell activity.

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