Gold reportedly slid toward $4,050 on October 23, with a possible $4,000 retest

On October 23, a market post said gold was sliding toward $4,050 even as Brent crude neared $113, arguing that inflation fears and higher-for-longer rates were outweighing safe-haven demand. Another post relayed UBS's view that gold could retest $4,000 an ounce, with strong dip-buying demand establishing a floor. It also pointed to central bank buying, Chinese demand and debt concerns as supports despite rising US real yields and a stronger dollar.