Gold & Crude Oil Market Outlook 26th October 2026 by Pinky Yadav, Commodity Fundamental Analyst at Choice Broking
Below the Gold & Crude Oil Market Outlook 26th October 2026 by Pinky Yadav, Commodity Fundamental Analyst at Choice Broking
Bullion
MCX Gold opened on a positive note as the US dollar index slipped to around 101.31. on the upcoming Federal Reserve policy decision and PCE inflation data this week. Despite gains, Bullion prices faces ongoing headwinds from elevated energy prices, which reinforce expectations of higher-for-longer interest rates. While souring consumer sentiment and persistent inflation heighten economic uncertainty, markets strongly anticipate rate stability this week, pricing in an 80% chance of a rate hike in December.
Crude Oil
Crude oil prices opened with a gap-down on MCX and continued to trade in negative territory, tracking weakness in international markets, as WTI fell 2.33% below $102 per barrel. Despite escalating Middle East tensions and threats of possible US military action against Iran following this week’s Israeli elections and next week’s US midterm elections, prices remained under pressure as regional crude exports recovered near pre-war levels. However, any fresh escalation could disrupt supplies and amplify volatility.
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