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Time of India
25-06-2025
- Business
- Time of India
Gold price prediction today: Where is gold rate headed amidst easing Iran-Israel tensions? Here's the outlook
Gold rate today: Weakening bias may persist after a volatile week as prices cools off in line with easing geopolitical tensions. (AI image) Gold price prediction today: Gold rates have been declining amidst easing Iran-Israel tensions and lower demand for safe haven assets. Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold investors: Weakening bias may persist after a volatile week as prices cools off in line with easing geopolitical tensions Last week global central banks showed caution with mixed policy moves, the US Fed continued to pause, signalling slower cuts on stagflation concerns, Swiss and Norwegian banks did cut, while BoE and the BoJ held steady. Economic data highlighted strains across regions amid escalating geopolitical risks. Global equities mostly closed lower on Middle East tensions, while US Treasuries rallied, the dollar edged up, and oil advanced. In the current week gold started with a modest upside on escalating middle east geopolitics but gave up gains on Tuesday as the US President Donald Trump announced that both nations had agreed to a complete ceasefire, adding that Iran will begin the truce immediately, followed by Israel. The yellow metal also hit an all-time high last week on MCX after Israel launched military operations targeting Iran's nuclear power plant sites. Investors now turn their attention to Federal Reserve Chair Jerome Powell, who is set to testify before US Congress on Tuesday and Wednesday, for any signals on the future path of interest rates. After setting a record just over $3,500 an ounce in April in spot markets, gold had consolidated in a roller coaster ride, while bearish sentiment has now started to seep into the market despite geopolitical tensions. This is due to the fact that gold prices have now discounted major fundamentals while a wave of corrective moves looks likely in July month. On the fundamental side, prices could look ahead to Fed Chair testimony for further clues on monetary policy outlook amid a data heavy week ahead. Gold Weekly View: Sideways to Downside (1 - 2 weeks) Gold Strategy: Sell on Rise MCX Gold looks to test downside support at around Rs. 95,200 - 94,800 per 10 gm levels on Aug. futures contract (CMP Rs. 97,240) in the weeks ahead. In International spot markets (CMP $3320/oz), a close below $ 3270 on daily basis is required for further downside up to $3225-3220 per oz in spot. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
11-06-2025
- Business
- Time of India
Gold price prediction today: Gold rate may see limited upside; time to buy silver? Here's the outlook
Gold price prediction: Silver looks set to outperform gold in the current year. (AI image) Gold price prediction today: Gold rate is expected to see a limited upside in the short-term, feel analysts. As global trade tensions show signs of easing with progress on US-China trade deal talks, the safe haven appeal of gold is not as strong right now. What should investors do? What is the gold price outlook for the coming days and should investors shift focus on silver? Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations: Gold prices ended last week with marginal gains (weekly close $ 3310) despite prices soaring to above $ 3400 per oz earlier in last week in Spot as steady macro cues from US along with ease in trade tensions between US & China weighed on sentiments and limited its upside trajectory. US President Donald Trump announced that Chinese President Xi Jinping has agreed to resume the export of rare earth minerals and magnets to the United States. The statement was made aboard Air Force One, as reported by Reuters, highlighting a potential easing of trade tensions between the two economic giants. The US had also indicated it may soften certain restrictions on technology exports in exchange for the same. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Tìm hiểu thêm Undo Modest US jobs growth in May lifted the dollar marginally last week. Nonfarm Payrolls (NFP) in the United States (US) climbed as came in stronger than the market expectation as Federal Fund Futures pointed to a larger chance that the US Federal Reserve (Fed) may keep its benchmark interest rate steady at its next two monetary policy meetings. In other news, China's central bank expanded its gold reserves for a seventh straight month in May, furthering its bid to diversify holdings despite ongoing price fluctuations. The People's Bank of China added 60,000 troy ounces of the metal to its reserves last month, taking the total to 73.83 million fine troy ounces, according to data released Saturday. However the same indicated a slowdown in pace of accumulation by the central bank which did not bring in any substantial hike in prices during the start of the current week. Gold Price Outlook Traders to closely monitor US CPI (May) and PPI (May) data as any unexpected surprise in readings could lead to indications of delayed rate hike keeping sentiments muted. Market attention also remains fixed on the London discussions, where US and Chinese officials have indicated progress in trade deal. Meanwhile Silver, witnessing a breakout to 13 year highs last week had finally started to join the rally that gold started months ago. More than 8% move seen in silver prices since last week were on account of safe haven demand, due to escalating geopolitics on the Russia-Ukraine front combined with trade uncertainties and also driven by Industrial demand. Gold Price Weekly View: Cautious Upside (1 – 2 Weeks) We continue to expect limited upside in Gold for a short term perspective as any spike towards $3360 - 3390 per oz in Spot (CMP $3330 per oz) still remains a selling opportunity for the yellow metal. On MCX Aug futures (CMP Rs. 97,075/10 gm) prices could trade in a broad range of Rs 98,500 – 95,000 per 10 gm for the coming week. MCX Silver is expected to remain steady as compared to Gold while may trade in a broad range of Rs 1,04,500 – 1,09,000 per kg. in July futures contract as a combined Sell gold/Buy silver strategy could remain favourable on short to medium term perspective. Also silver looks set to outperform gold in the current year as we expect silver to continue to rise in the range of $ 38.70 - 41.50 per oz in International spot markets (CMP $ 36.65 per oz) in the current year. This translates to a level of Rs 1,15,000 – 1,23,000 per kg. in the MCX futures market in 2025 providing further returns of almost 15 – 20% from current levels. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
21-05-2025
- Business
- Time of India
Gold price prediction today: Will gold rate go below Rs 90,000 & should you buy or sell?
Gold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering. (AI image) Gold price prediction today: Gold rate has been fluctuating amidst global turmoil and uncertainty regarding Donald Trump's trade policies, the recent US credit rating downgrade . Till a few weeks ago gold prices were touching lifetime highs, but have since then retreated. So what's the gold price outlook for this week, and what should investors do if gold prices drop further? Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations: Gold Price Trends Gold turned volatile last week as it plunged by almost 3% to a low of $ 3120 per Oz in spot before recovering and closing above $ 3200 per oz on a weekly basis. A preliminary US-China trade agreement included tariff reductions as Washington lowered duties on Chinese goods from 145% to 30%, while Beijing planned to cut tariffs on US imports from 125% to 10% that weighed on sentiments. On the other softer macro cues continued to paint a mixed picture with US consumer sentiments showing second lowest reading on record lifting the sentiments towards the end of the week. Meanwhile Moody's recently downgraded the US credit rating by one notch from Aaa to Aa1, citing escalating debt levels and a growing burden from interest payments. This move followed previous downgrades by Fitch Ratings in 2023 and Standard & Poor's in 2011. Moody's now forecasts US federal debt to soaring to approximately 134% of GDP by 2035, up from 98% in 2023, with the federal deficit expected to widen to nearly 9% of GDP. This is attributed to higher debt servicing costs, increased entitlement spending, and falling tax revenues. Geopolitical tensions showed no signs of abatement as Trump declared on social media for Ukraine & Russia to immediately start negotiations toward a ceasefire but without the US. Sanctions threat, no demand for a time-line, and no pressure on the Russian leader indicated the ceasefire talks may not see a solution anytime soon. Gold Price Prediction & Outlook Rising concerns over the US economic outlook & fiscal health have aided sentiments so far during the current week. Meanwhile disappointing US economic indicators had also reinforced expectations of further rate cuts by the Federal Reserve later this year. However, focus for the current week remains on a slew of Fed speakers which could throw fresh direction on the trajectory of rate cuts during the year as CME tool still shows only 55 bp easing towards year end. Two Federal Reserve officials, including New York Fed chief John Williams, had suggested policymakers may not be ready to lower interest rates before September as they confront a murky economic outlook. Overall $ 3,150-3,080 support zone in spot remains crucial in coming days while technical trend remains sideways to slight upside for the current week with profit booking moves may continue at higher levels while buying interest to also persist around the support zone. Gold Weekly View: Sideways On MCX June futures Gold (CMP Rs. 93,530 per 10 gm) is expected to trade in a broad range of Rs 89,500 – 95,800 on weekly basis. One may initiate a sell strategy only below a close below Rs 92,300 with downside seen up to Rs 91,000 - 89,500. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
