Gold price prediction today : Gold prices have been trading lower as geopolitical tensions ease and demand for safe haven assets falls. However, the downside has been capped by a weaker US dollar. What’s the outlook for the gold rate in the coming days and what’s the range in which gold prices are likely to trade? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold prices and strategy for gold investors:
Gold prices traded largely steady last week, weighed by easing Middle East tensions and muted US economic cues. While investors initially remained cautious over potential Iranian retaliation following US and Israeli strikes on Iranian nuclear sites, a ceasefire brokered by President Trump brought some calm, with both Iran and Israel signalling commitment to halt hostilities.
This reduced safe-haven demand, pushing gold to a near six-week low. Still, a weaker dollar and bargain hunting helped limit further losses. In the US, Federal Reserve officials struck a mixed tone, with Vice Chair Bowman indicating that rate cuts may soon be necessary due to risks to the labor market, while others like Cleveland Fed President Hammack urged caution amid inflation uncertainty.
Market participants now await for more clarity on the Fed’s rate path. On the geopolitical front, investors remain watchful for any ceasefire violations or renewed tensions.
Meanwhile, progress in US-China trade talks, especially over rare earth shipments, helped boost broader risk appetite, though President Trump reignited tensions with Canada over digital taxes. The holiday-shortened week ahead could see subdued volumes, but volatility may persist depending on economic data and geopolitical updates.
Gold Price Outlook
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Gold prices traded largely steady last week, weighed by easing Middle East tensions and muted US economic cues. While investors initially remained cautious over potential Iranian retaliation following US and Israeli strikes on Iranian nuclear sites, a ceasefire brokered by President Trump brought some calm, with both Iran and Israel signalling commitment to halt hostilities.
This reduced safe-haven demand, pushing gold to a near six-week low. Still, a weaker dollar and bargain hunting helped limit further losses. In the US, Federal Reserve officials struck a mixed tone, with Vice Chair Bowman indicating that rate cuts may soon be necessary due to risks to the labor market, while others like Cleveland Fed President Hammack urged caution amid inflation uncertainty.
Market participants now await for more clarity on the Fed’s rate path. On the geopolitical front, investors remain watchful for any ceasefire violations or renewed tensions.
Meanwhile, progress in US-China trade talks, especially over rare earth shipments, helped boost broader risk appetite, though President Trump reignited tensions with Canada over digital taxes. The holiday-shortened week ahead could see subdued volumes, but volatility may persist depending on economic data and geopolitical updates.
Gold Price Outlook
- Stance: Sideways to lower.
- Broad range: 93,500-96,500
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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