Capital Economics climate and commodities economist Hamad Hussain said on Oct.
16 that gold could gradually weaken through the rest of the year, citing two
factors: continued Fed rate hikes and the view that market worries about an end
to the AI boom will ultimately prove temporary. TD Securities global head of
commodities strategy Bart Melek said gold remains range-bound and is biased
toward the lower end of its range amid substantial uncertainty over the Fed's
next move.
