GENERAL18 Sept 2026
Mirae Asset sees gold testing $4,535 as yields and oil prices ease
Gold could climb toward $4,535 as US Treasury yields and oil prices ease. Gold rebounded 2.2 percent on September 17 after the Federal Reserve's hawkish rate hike. The bigger worry for India is a US bill that may impose tariffs up to 100 percent on buyers of Russian oil. Russia supplied 30.3 percent of India's crude imports in fiscal 2026, so refiners should stay alert.
Key Statutory Highlights
- Gold may rise to test the resistance zone of $4,520 to $4,535, though rising oil prices pose a downside risk to that move.
- Gold rebounded 2.2 per cent on September 17 after a sharp fall following the Federal Reserve's hawkish rate hike.
- The US House of Representatives has passed legislation that could impose tariffs of up to 100 per cent on countries that buy Russian oil and gas, and India is among the most exposed.
Actionable Advice for Taxpayers / Founders:If you import crude or deal in gold, keep tracking oil and gold price updates before making any large purchase or hedging call, and check with your advisor on how the proposed US tariff bill could affect your import costs.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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