Gold price prediction today: Where is gold rate headed in the near-term & will silver outperform the yellow metal? Here's the outlook
Gold price prediction today: Gold prices will continue to be influenced by global economic outcomes in the shadow of US President Donald Trump's looming August 1, 2025 reciprocal tariff deadline.
What should gold and silver investors do and what's the outlook for gold rates in the near term? Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold and silver investors:
Gold traded steady to sideways while it ended last week with mild gains while Silver continued to outperform Gold on a weekly basis. This was despite investors growing increasingly convinced that the Federal Reserve will not cut interest rates any time soon.
Uncertainty over President Donald Trump's trade tariffs kept the downside limited.
Earlier in the last week, US economic data revealed mixed readings of inflation, with the Consumer Price Index (CPI) edging toward the 3% threshold, while the Producer Price Index (PPI), moved downwards.
However, the release of stronger-than-expected Retail Sales indicated that most of the increase was due to higher prices resulting from tariffs.
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Meanwhile Silver was supported on downside as Trump's 15 % - 20 % EU tariff threats & political pressure on Powell to cut rates fuelled higher safe-haven demand in white metal. The dollar's pullback following the yield decline last week & volatile trading driven by mixed US inflation data, political pressure on Fed Chair Jerome Powell & escalating trade tensions all kept Silver supported.
For the current week, focus to remain on the trade negotiation outcome ahead of August 1 deadline, Fed official speeches including Powell speech, US macro data, including housing market, durable goods orders & Global PMI numbers.
Gold Weekly View: Sideways to Slightly Positive Bias
Trading Range: Rs 98,100 – 1,00,500 (CMP Rs. 99,345 / 10 gm.)
Gold prices may see further consolidative moves trading in a tight range in near term. On the other hand, Silver could remain volatile while still preferred among both precious metals on strong fundamental tailwinds, falling yields, and tariff risk.
Overall expectations still remain of silver prices to rise beyond $40 per ounce in the long run perspective this year as physical supplies tighten and investment demand grows at a steady rate.
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