Gold price prediction: What's the gold rate outlook for May 19, 2025 week - should you buy or sell?
Gold could trade in a broad range of Rs 91,500 and Rs 95,500 this week. (AI image)
Gold price prediction today
: Gold is a safe haven investment but geopolitical tensions and developments in the US-China trade deal have left investors confused - should they buy, sell or hold gold? There is also the additional factor of Moody's downgrading the US credit rating.
Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on
gold prices
:
Gold prices started last week steady but were on track for their steepest weekly decline in six months, primarily due to a stronger U.S. dollar and reduced concerns over the trade war. The U.S. and China agreed to a 90-day pause on tariffs, which eased tensions and lessened the risk premium that had been supporting gold.
Economic data also showed weaker-than-expected inflation and retail sales in the U.S., which provided some support for gold prices. However, comments from President Trump and Federal Reserve Governor Powell triggered market volatility.
Gold witnessed a brief rebound, breaching $3200 however, news regarding US and China tariff deal where both countries slashed tariffs by 115% continued to weigh on sentiment.
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The 90-day tariff pause is expected to weigh on gold prices by improving investor sentiment, which diminishes demand for gold as the uncertainty surrounding the trade war decreases.
The firm Dollar and sudden spike in USDINR supported prices on the domestic front. As investor confidence rises, they tend to shift to riskier assets, reducing gold's safe-haven demand.
Over the weekend, Moody's downgraded the U.S. credit rating from Aaa to Aa1, citing concerns over the nation's growing debt burden and the potential for increased interest payments.
The downgrade reflects a broader trend, as other major credit agencies, including Fitch and S&P, had previously taken similar actions. Meanwhile, Geopolitical tensions and soft economic data continue to provide mixed signals, leaving gold prices vulnerable to any new developments regarding the U.S.-China trade talks.
Gold could trade in a broad range of Rs 91,500 and Rs 95,500 this week. It has created a strong base ~90,500 on the domestic front, till this level is not breached, fresh selling should be avoided.
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