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Economic Times
4 days ago
- Business
- Economic Times
Gold price today climbs to $3,336 as Trump blasts Powell—here's the forecast and what gold investors should expect next
Gold prices may be trading sideways today, but the market is anything but quiet. Between Trump's attacks on the Fed, a possible shakeup in Powell's leadership, and critical inflation data just around the corner, volatility is inevitable. In the short term, gold is likely to remain rangebound between $3,300 and $3,350, but analysts see the metal pushing higher toward $3,500 or beyond by year-end—if the Fed starts cutting and inflation cools off. Keep an eye on Friday's PCE report. It could be the spark that determines gold's next big move. Tired of too many ads? Remove Ads What is the gold price today? Spot gold is trading at $3,336.02 per ounce , up 0.1% on the day. is trading at , up 0.1% on the day. U.S. gold futures (COMEX) are hovering around $3,349.30 per ounce, showing mild intraday gains. Tired of too many ads? Remove Ads Why is gold price under pressure despite a weaker dollar? How is the Trump-Powell feud affecting gold and the Fed's next move? Is economic data pointing to trouble ahead for the US economy? What key data could shake gold next? Tired of too many ads? Remove Ads Personal Consumption Expenditures (PCE) price index due Friday. price index due Friday. Revised U.S. GDP data, which could shape the Fed's path forward. What role is geopolitics playing in gold's recent decline? Gold price predictions: Where is gold headed next? Source Prediction Timeline Reuters Poll Avg $3,065 2025 Goldman Sachs Up to $3,300 End-2025 J.P. Morgan $3,675 → $4,000 Q4 2025 → Q2 2026 UBS / Bank of America $3,500+ Medium-term CoinCodex Avg $3,570, Peak $4,148 Dec 2025 Citigroup (bearish) Drop to $2,500–2,700 End-2026 AI/Crowd Forecasts Avg $3,070, AI upper range $3,026 Dec 2025 What are the key technical levels gold traders are watching? Immediate resistance lies at $3,356, followed by the 23.6% Fibonacci retracement at $3,371. Support levels include the 38.2% Fib at $3,292 and the 50% Fib at $3,228. The Relative Strength Index (RSI) sits near 50, signaling a neutral market. What could change the direction of gold prices next? FAQs: Gold prices fell on Thursday as risk appetite grows, US stocks rally to record highs, and President Trump's battle with Fed Chair Jerome Powell casts doubt over rate cut timing. Gold (XAU/USD) slipped from recent highs and was trading near $3,330 in the US session, despite ongoing weakness in the US Dollar. The retreat in gold comes as investors increasingly shift toward risk assets like equities, pushing major US indices to fresh record levels. At the same time, tensions are heating up between President Donald Trump and Federal Reserve Chair Jerome Powell, further complicating the path forward for monetary are now keenly watching Friday's release of the US Personal Consumption Expenditures (PCE) data — the Fed's preferred inflation gauge — which could provide crucial clues on when a rate cut might of this morning:While the gains are modest, gold remains up more than 42% over the past month—one of the metal's best runs in recent is often seen as a safe haven when the US Dollar weakens, but that wasn't the case on Thursday. While the USD continued to decline, gold struggled to maintain gains as risk-on sentiment dominated market flows. The XAU/USD pair swung between its 20-day and 50-day moving averages, showing signs of consolidation and investor appear to be chasing momentum in equities rather than seeking safety in gold. The S&P 500, Dow Jones, and Nasdaq all notched fresh record highs this week, diverting attention away from the precious debate around interest rate cuts intensified this week after President Trump openly criticized Fed Chair Powell during the NATO summit. Trump didn't mince words, saying, 'He is going out, fortunately. I think he is terrible.' His comments reflect growing political pressure on the Fed to act swiftly on rate however, struck a cautious tone during his two-day semiannual testimony to Congress, maintaining that interest rates will remain at 4.25%–4.50% for now. He noted that while inflation is nearing the Fed's 2% target, other risks — like tariffs and global uncertainties — must be carefully monitored before making any tug-of-war between fiscal and monetary authorities has left gold in a holding pattern. Traders are reluctant to take bold positions in gold until there's more clarity on the Fed's reports hint that the US economy might be hitting some bumps. On Tuesday, the US Conference Board Consumer Confidence Index showed signs of softening. Then on Wednesday, New Home Sales numbers came in below expectations, suggesting a cooling housing CME FedWatch Tool now shows a 68% chance of a 25 basis-point rate cut in September, with a 21.3% chance of a larger 50 basis-point cut. These expectations are keeping gold investors on edge. Without a strong catalyst, gold may struggle to retest its April high of $3, eyes are now on two big data drops:Any sign that inflation is cooling could fast-track rate cuts—sending gold higher. But if inflation surprises to the upside, the Fed may stay cautious, capping gold's macroeconomic trends are driving most of the action, geopolitical tensions have temporarily eased. The Israel-Iran ceasefire has held for three straight days, helping to reduce global fears and further cooling demand for safe-haven assets like experts warn that the calm may be short-lived. Any new flare-up could quickly push gold prices higher again. For now, though, the absence of immediate conflict is leaving gold exposed to economic and policy what analysts and forecasting models are saying:While most forecasts remain bullish, especially from institutions like J.P. Morgan and Goldman Sachs, some caution is creeping in. If inflation data comes in stronger and rate cuts are delayed, gold could face a near-term pullback toward $2, a chart perspective, XAU/USD is in a tight range, stuck between the 50-day SMA at $3,325 and the 20-day SMA at $3,356. These moving averages are acting as near-term support and resistance zones.A break above $3,371 could see gold test the $3,400–$3,450 zone. On the flip side, a drop below $3,325 could expose gold to deeper losses, especially if Friday's PCE data comes in eyes are now on Friday's PCE inflation data, which is likely to be the biggest driver for gold in the short term. A softer-than-expected reading could revive hopes for a faster Fed rate cut, potentially boosting demand for then, gold may continue to trade sideways as markets juggle conflicting signals: a weakening dollar, stock market euphoria, political tension, and economic is dropping as investors prefer riskier assets like US stocks over safe-haven push for rate cuts vs Powell's caution adds uncertainty, keeping gold range-bound.
Business Upturn
15-06-2025
- Business
- Business Upturn
XRP News: Is XRP Set To Lose Market Share To The Crypto Analysts Are Calling XRP 2.0?
New York, June 15, 2025 (GLOBE NEWSWIRE) — XRP cannot seem to stay out of the news, but for once, the XRP news may be good. The beleaguered coin needs some good news, and judging by the XRP news headlines, it is. But there may be bigger issues ahead for XRP. A new player in town is already delivering on promises XRP has been making for more than a decade. Remittix may just spoil XRP's fun and give investors a token with much more room to grow to invest in. XRP (XRP): Headlines for XRP news bullish, but is it enough? In XRP news this year, Ripple pulled the trigger on one of its boldest plays yet acquiring institutional brokerage Hidden Road for $1.25 billion. That's not a headline stunt. It's a serious move to bring post-trade services clearing, settlement and brokerage onto the XRP Ledger itself. For a project that's always talked about global finance, this finally feels like the architecture is catching up to the ambition. It gives Ripple the tools to offer banks and funds something real and puts XRP back in the conversation as more than just a cross-border token. Meanwhile, the bigger-picture XRP news is what Brad Garlinghouse is aiming for: 14% of SWIFT's global liquidity . That's not just marketing spin, it's a direct challenge to how money moves internationally. SWIFT is still slow, expensive and clunky. If Ripple can undercut that with speed and scale, XRP could be handling trillions in volume within a few years. It's bold, but Ripple's been quietly laying the rails for over a decade. The XRP price has been up just over 2% in the last 7 days, but it is still in red on the 30-day candle. Hopefully, its latest moves could bolster the price, but with players like Remittix doing the rounds, XRP could be in trouble. Source: CoinCodex Even CoinCodex's price prediction for Ripple does not make great XRP news as the token is expected to become more volatile and erratic until the close of the decade; a trading pattern investors do not like. Source: CoinCodex Remittix (RTX): Can the new PayFi token be XRP 2.0? Remittix doesn't have Ripple's war chest or legacy clout, but what it does have is traction and in 2025, that's proving more valuable than brand recognition. While XRP is still laying down infrastructure, Remittix is already moving money across borders. The platform focuses squarely on crypto-to-fiat remittances, allowing users and businesses to send crypto and have it land as local fiat, straight into a bank account. No fuss, no waiting, no wallet setup required on the other side. It's not just practical, it's compliant, fast and built for scale. With support for over 30 fiat currencies and 40 crypto assets, Remittix isn't pitching the dream. It's already shipping it. Investors are paying attention, too. A $15.5 million raise in its presale phase has given it room to grow, while whispers in analyst circles are calling it 'XRP 2.0' not because it's copying Ripple, but because it's quietly delivering the kind of real-world utility XRP has been promising for over a decade. If 2025 is about function over flash, Remittix may be the one to watch. It's not trying to win a branding war, it's trying to fix a broken payment system. And so far, it looks like it's working. Conclusion While the crypto headlines are dominated by XRP news, the real star of the show is Remittix , delivering on the dreams Ripple Labs had more than a decade ago. With the XRP price stalling, Remittix could just be the token to pick up the slack. Even YouTube crypto vloggers are now starting to pick up on the action and with 540 million tokens already sold, Remittix is making its name as the go-to investment of the year. Remittix is now available at $0.0781 directly from their website. Discover the future of PayFi with Remittix by checking out their presale here: Website: Socials: Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Arabian Post
15-06-2025
- Business
- Arabian Post
Pi Network Token Faces Uphill Climb After Sharp Plunge
Pi Network's native token, PI, plunged to a low of approximately $0.40 following a sudden unlock and broader market sell‑off, but recent developments indicate a tentative rebound that may reshape its trajectory. The token had tumbled roughly 35% over a short timeframe, bottoming out at $0.40 before rebounding near $0.60—marking a swift 40% recovery since June 13. Technical indicators show that PI found support at a critical $0.39 level, considered a 'value area low,' which triggered aggressive buying and a solid recovery candle. Market analysts attribute the initial crash to a dual catalyst: the unlocking of some 280 million tokens on 11 June and escalating geopolitical tensions affecting global cryptomarkets. The influx of new supply triggered panic selling, exacerbated by macro‑market uncertainty—echoing patterns seen in earlier altcoin sell‑offs amid the Israel‑Iran tensions. ADVERTISEMENT Further pressure stemmed from technical sell signals. PI dipped beneath its value area low but recovered swiftly—reflecting a classic false breakdown scenario that often precedes rebounds in trader psychology. Analysts highlight the critical resistance zone between $0.65 and $0.80: clearing $0.65 could pave the way for a push to $0.80, but failure to hold above $0.61 risks another drop toward $0.57–$0.60. Broader technical sentiment remains mixed. On one hand, bullish patterns suggest floor levels have been re‑established; on the other, indicators like MACD remain bearish with death crosses and moving averages still overhead—signalling ongoing downward bias unless momentum shifts. The Relative Strength Index hovering below neutral levels hints at entrenched selling pressure. Longer‑term forecasts for PI vary widely. Some platforms model a gradual climb toward $2–5 by 2027–2028, potentially reaching $10 only in the 2030s, contingent on substantial ecosystem growth—particularly from apps, PiAds, verified users, and major exchange listings. For example, CoinCodex's algorithm estimates a $10 target as far off as November 2045. Real‑world applications and mainstream exchange listings are viewed as pivotal. A Binance listing, for instance, could trigger a rally toward $8–$10, but such speculation remains unverified. Conversely, persistent unlock schedules and wallet‑to‑exchange flows continue to weigh on sentiment. Tokenomics pose another challenge. With a potential maximum supply reaching dozens of billions, PI requires sustained demand—via decentralised apps, micropayments, or adverts—to absorb incoming supply and sustain valuations. Despite turbulence, the Pi ecosystem is forging ahead. The launch of a $100 million Pi Network Ventures fund aims to support startups across AI, gaming, fintech, and e‑commerce. Meanwhile, the core network continues onboarding users, though some report frustration over KYC bottlenecks, wallet migration issues, and delays in accessing the mainnet. The community appears split. On‑chain revelations show leverage derivatives listings on platforms like Kraken Pro—a possible sign of institutional curiosity—while sentiment indicators reflect rising caution. Short‑term outlook hinges on whether PI can maintain support above $0.61 and break through the $0.65 resistance. If momentum continues from the rebound, the token could extend toward $0.80 and potentially $1. Conversely, a failure to hold onto current gains might push it back toward the low‑$0.50s. Though the narrative of PI reaching $10 persists—driven by long‑term believers—most analysts agree such futures rely on meaningful network adoption, ecosystem maturity, and clear-cut exchange integrations. For now, the market is focused on stabilising around the $0.60–$0.80 band and resolving token unlock uncertainties to foster a credible case for sustained growth.
Time of India
24-04-2025
- Business
- Time of India
Gold price prediction today: Will 2025 be a golden year for investors? Here's what experts say
Why did gold prices fall after hitting record highs? Current Gold Prices in USD (April 24, 2025) Per Ounce : ~$3,337.99 : ~$3,337.99 Per Gram : ~$107.21 : ~$107.21 Per Kilogram: ~$107,209.80 Live Events What are experts saying about gold price trends in 2025? Goldman Sachs raised its 2025 price target to $2,900 per ounce, citing ongoing central bank demand, especially from countries like China. Citi sees gold climbing to $3,000 within the next six months, as global tensions and economic jitters continue to simmer. JP Morgan has the boldest call yet, predicting gold could surpass $4,000 per ounce by mid-2026, driven by concerns of a global slowdown and persistent inflation. According to CoinCodex, we might even see gold peak around $4,147.95 by December 2025, with an average of $3,569.97 for the year. How are interest rates shaping the gold market? Are central banks really buying more gold in 2025? What risks could slow down gold's rally? Faster economic recovery than expected could shift money back into stocks and reduce the appeal of gold. If central banks suddenly stop buying, that could leave a gap in demand. And if interest rates unexpectedly go up instead of down, gold might take a hit. So, what's the final word on gold USD price prediction today? (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Gold USD price prediction today is one of the hottest search topics as investors try to make sense of the metal's recent wild moves. On April 23, gold dipped nearly 2% to trade around $3,318.71 per ounce, as per Reuters. This drop came right after U.S. President Donald Trump pulled back on threats to fire Federal Reserve Chair Jerome Powell and hinted at possible progress on trade with here's the twist—just days earlier, gold had surged to an all-time high of $3,500 per ounce, fueled by economic uncertainty and new U.S. tariffs on imports. So what's driving these sharp swings?Earlier this month, President Trump stunned global markets by slapping a 10% tariff on all U.S. imports, shaking up economic confidence. That move had investors rushing toward gold as a safe haven, which pushed prices to $3,500 per ounce, the highest level in then came the pause. When Trump softened his tone and backed off from firing Fed Chair Powell, the pressure eased. Investors felt a little more comfortable, so they moved away from gold and back into riskier assets like stocks. That's why we saw the nearly 2% dip to $3, major financial institutions have weighed in on the gold USD price prediction today—and the forecast is surprisingly forecasts aren't wild guesses—they're backed by solid factors like interest rates, geopolitical risks, and massive gold buying by central rates have a big impact on gold. When rates go down, gold usually goes up because it doesn't pay any interest. So investors are more likely to hold gold if they're not missing out on better returns now, both the U.S. and China are expected to cut interest rates later this year, which could boost gold demand. According to this is one of the key reasons why analysts are so and that's a huge deal. Central banks, especially in emerging markets like China and India, are quietly building up their gold reserves. They're doing this to reduce reliance on the U.S. dollar and to protect themselves against future shocks in the global steady demand adds strong support to gold prices and keeps the floor from dropping out even when short-term dips happen. As long as central banks keep buying, gold has a solid safety the gold USD price prediction today looks pretty strong, there are still a few warning signs to watch:Still, even with these risks, most analysts believe gold is well-positioned for a strong year in you're watching the gold market closely, here's the big picture: Gold is dancing to the tune of global politics, central bank moves, and economic headlines. As of now, gold stands around $3,318 per ounce, but forecasts from the likes of Goldman Sachs, Citi, and JP Morgan show there's a real chance it could reach or even exceed $4,000 by late everyday investors, the takeaway is simple—keep an eye on interest rates, central bank actions, and political drama. Gold may not move in a straight line, but the long-term trend looks bullish, and there's real data backing it.
Express Tribune
03-03-2025
- Business
- Express Tribune
RedStone ($RED) gains momentum with Binance listing and price predictions
Listen to article RedStone ($RED), a next-generation decentralized oracle, is attracting significant attention in the cryptocurrency world following its pre-market listing on Binance on February 28, 2025. The platform, designed to offer real-time, cost-efficient, and multi-chain data, is uniquely optimized for Layer 2 networks, rollups, and non-EVM blockchains, positioning itself as a major player in the blockchain space. Before its official launch, $RED has been trading in pre-market sessions at around $0.7275 USD, generating significant interest in the market. Price Predictions and Projections Several forecasts have emerged regarding $RED's price potential. CoinCodex predicts a remarkable surge, estimating the token could reach $0.00009622 by March 26, 2025, representing a potential increase of up to 400%. Meanwhile, CoinCheckup offers a more conservative projection, with $RED expected to climb to $0.00005142 in the near future. Key Factors Influencing Post-Listing Performance The price of $RED following its Binance listing will be influenced by several factors: Market Demand & Liquidity: Investor interest and token availability will play a significant role in price movement. A higher demand with limited supply could push the price higher. Project Fundamentals: The strength of the RedStone ecosystem, including its technology, use cases, and strategic partnerships, will be critical to building investor confidence and driving growth. Market Conditions: Broader market trends, particularly in Bitcoin and Ethereum, will likely affect $RED's performance. A bullish market would be a favourable environment for price growth. As with all cryptocurrency investments, caution and thorough research are advised. While the future looks promising for $RED, the token's post-listing performance will depend on these key elements.
