Gold Extends Three‑Day Losing Streak as Markets Await Fed Decision
By HDFC SKY | Updated at: Mar 18, 2026 05:40 PM IST
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Gold’s three-day losing streak continues as a wave of profit-booking met lackluster physical demand. All eyes are now on the FOMC policy decision, where the Fed must balance sticky inflation—fuelled by Middle East tensions—against future rate path guidance. With the war stoking energy-driven inflation, a hawkish shift from the Fed could further dampen gold’s appeal, potentially capping the recent safe-haven rally.
COMEX Gold is expected to consolidate within $4900 to $5150 oz. while the domestic gold prices is expected to get support from the weaker rupee. MCX Gold future has support at Rs 153, 100 and resistance at Rs 161, 100 per 10 grams.
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