Gold price prediction: What's the gold rate outlook for June 16, 2025 week amidst Israel-Iran conflict - should you buy or sell?
Gold prices witnessed heightened volatility last week as escalating geopolitical tensions took center stage. (AI image)
Gold price prediction today: Gold is back in focus amidst the ongoing Israel-Iran conflict which has added to its safe haven appeal in times of increased geopolitical tensions and uncertainties.
Positive news on the US-China trade deal talks and better-than-expected US economic data have on the other hand diminished demand for gold. As gold price fluctuations continue, investors are wondering which direction gold will move in, and what should their strategy be?
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 witnessed heightened volatility last week as escalating geopolitical tensions between Israel and Iran took center stage, overshadowing ongoing trade talks and economic data.
Israel launched aggressive strikes targeting Iran's nuclear facilities and oil & gas infrastructure, prompting a strong retaliation from Tehran, which significantly intensified the conflict.
This sharp escalation has kept market participants on edge, driving a renewed wave of safe-haven demand. As a result, gold prices surged globally and, on the domestic front, crossed the ₹1 lakh mark for the first time, reflecting the elevated risk premium priced into markets.
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While earlier last week optimism over the US-China trade negotiations and strong US jobs data weighed on bullion, the geopolitical shock quickly reversed sentiment.
Additionally, mixed US economic indicators, including cooler-than-expected CPI and stronger non-farm payrolls, added to the uncertainty around the Federal Reserve's next move, though markets are still pricing in a 68% chance of a rate cut by September.
Meanwhile, China's central bank continued to boost its gold reserves for a seventh straight month, signaling sustained long-term demand.
Overall, gold remained in sharp focus as a safe-haven asset amid an increasingly unstable global backdrop.
With traders closely watching further developments in the Middle East that could continue to influence bullion's trajectory.
Gold Strategy and View: Buy on dips
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