What Gold's September Slide Means for Its Q4 Price Outlook

The gold price outlook for Q4 hinges on yields, the dollar and central bank demand after a September selloff erased much of the quarter's gains. Fawad Razaqzada, StoneX Media Market Analyst, explains why gold held up against a strong dollar, rising bond yields and Federal Reserve tightening, and what the chart needs to confirm next. Central bank gold buying remains a key source of support, with World Gold Council data showing China and Poland among the biggest buyers in July. An easing of U.S. and Iran tensions and a reopened Strait of Hormuz would pull oil prices lower, cool inflation and trim rate hike expectations, a mix that tends to weigh on the U.S. dollar and bond yields. Growing doubts about U.S. fiscal policy would add another source of demand for gold as an alternative to fiat currencies. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fawad_razaqzada&utm_content=share 00:00 - Gold's Sharp September Reversal 00:27 - Dollar and Yields Fail to Sink It 00:52 - China and Poland Keep Buying Gold 01:13 - Oil, Rate Hikes and Fiscal Fears 01:40 - Gold Bulls Carry Burden of Proof 02:06 - Support Break Risk Into Q4 Like and subscribe for more financial market insights. #Gold #StoneX #FawadRazaqzada #XAUUSD --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@StoneX_Official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social