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Time of India
14 hours ago
- Business
- Time of India
Gold price prediction: What's the gold rate outlook for June 9, 2025 week - should you buy or sell?
Gold price prediction: Last week, Gold climbed to a near four-week high, while silver surged past ₹1 lakh on the domestic front. (AI image) Gold price prediction today: Gold rates have seen major fluctuations over the last few weeks, ever since the yellow metal prices hit a lifetime high. Gold is seen as a safe haven investment in times of turmoil and uncertainty. The rapidly evolving geopolitical and trade situations have kept gold investors guessing on the direction of gold prices. So, what is the gold rate prediction for this week and what should investors do? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold prices and strategy for gold investors: Last week, Gold climbed to a near four-week high, while silver surged past ₹1 lakh on the domestic front, driven by a weakening dollar and escalating global uncertainty. Silver posted one the sharpest gains on daily and weekly basis, gaining 2.7% in the previous session, its strongest daily performance in over three weeks, as investors sought refuge amid concerns over the US-China trade deal. The upcoming trade discussions between US and China remains a key event for market direction. The European Commission is also urging the US to reduce tariffs, adding to the broader trade policy uncertainty. Meanwhile, geopolitical tensions intensified with Russia demanding territorial concessions from Ukraine to end the war. On the macro front, weaker-than-expected US manufacturing and services PMI data, coupled with disappointing private payrolls, raised concerns about stagflation. Still, the better-than-expected non-farm payroll data signalled resilience in the labour market, keeping investor sentiment mixed. Silver, after lagging behind gold, saw renewed interest due to improved fundamentals and technical momentum, pushing it to a 13-year high. The Gold/Silver ratio also dropped sharply, signalling silver's relative strength. ETF inflows into silver added further support, reflecting growing investor appetite for the metal amid continued global economic and political instability. Focus this week will be on US and China CPI data. Strategy: Gold and Silver Buy on dips. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
02-06-2025
- Business
- Time of India
Gold price prediction: What's the gold rate outlook for June 2, 2025 week - should you buy or sell?
Geo-political tensions are once again on the rise and comments from Trump administration on EU and China are also keeping market participants on edge. (AI image) Gold price prediction today: Investors face uncertainty regarding their gold investment decisions due to multiple factors affecting market sentiment. The ongoing geopolitical conflicts, coupled with evolving US-China trade negotiations, have created ambiguity in the precious metals market. What is the gold rate prediction for this week and what should investors do? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd shares his outlook on gold prices: Gold prices slipped from a two-week high after US President Donald Trump postponed the implementation of 50% tariffs on EU imports to July 9, easing immediate trade tensions and reducing safe-haven demand. This delay came after the EU requested more time for negotiations, leading to a temporary pullback in bullion prices. However, geopolitical risks continued to support underlying demand, with Russia launching the largest aerial assault of the war on Ukraine and Israel intensifying military strikes in Gaza. Meanwhile, gold remained under pressure from a stronger US dollar, as the dollar index hovered near the 100 mark amid rising US bond yields and mixed economic data. A US trade court initially blocked Trump's "Liberation Day" tariffs, only for a federal appeals court to reinstate them a day later, injecting uncertainty into markets. On the economic front, US consumer confidence came in stronger than expected at just under 100, compared to a forecast of 87.1, while core durable goods orders rose 0.2% against expectations of a 0.1% decline. However, preliminary US GDP remained in negative territory, reinforcing concerns about slowing growth. The April PCE Price Index rose 2.1% year-on-year, slightly below the 2.2% estimate, suggesting softening inflation pressures. Weekly jobless claims exceeded expectations, adding to mixed economic signals. Minutes from the Fed's May meeting revealed growing concern about the dual risk of rising inflation and unemployment, with policymakers indicating that rate cuts remain possible later this year but are not imminent. Geo-political tensions are once again on the rise and comments from President Trump's administration on EU and China are also keeping market participants on edge. Focus this week will be on US Jobs market data, manufacturing and Services PMI from major economies and Governor Powell's speech. RBI and ECB monetary policy statements will also be in radar this week. Gold Trading Strategy: Buy on Dips; Support: 94500-93500; Resistance 96500-97500 Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
12-05-2025
- Business
- Time of India
Gold price prediction: What's the gold rate outlook for May 12, 2025 week
today: What's the outlook for prices in the week starting May 12, 2025? Gold prices have experienced recent declines following their historic peak levels. Investors interested in gold should monitor international indicators and develop appropriate investment approaches. Tired of too many ads? go ad free now It is essential to understand the factors influencing gold prices and formulate suitable trading decisions based on market conditions. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd explains: Gold prices remained volatile throughout last week, influenced by a mix of economic signals, geopolitical tensions, and trade-related developments. The Federal Reserve held interest rates steady but warned of rising inflation and labor market risks, casting uncertainty over the U.S. economic outlook. Fed Chair Jerome Powell struck a cautious tone, offering no clear guidance on rate changes. Gold briefly dipped as optimism over U.S.-China trade talks reduced demand for safe-haven assets, though prices later rebounded on renewed tariff concerns. President Trump maintained a firm stance on tariffs, further fuelling market unease, while China's central bank cut its reserve requirement ratio by 50bps, with limited market impact. A key domestic highlight was the escalation between India and Pakistan, which led to a surge in USDINR by over ₹1, supporting domestic gold prices and widening the disparity from international prices. Additionally, Israel's announcement on Gaza and mixed U.S. economic data—including a slightly lower Services PMI and stronger-than-expected job gains—added to market uncertainty. Overall, gold prices were driven by global trade dynamics, geopolitical risks, and shifting expectations around U.S. Tired of too many ads? go ad free now monetary policy. Focus this week will be on US CPI, Retail Sales, manufacturing Index and comments from Fed officials and Governor Powell. Other than that, over the weekend US and Chinese officials met to talk about a possible trade deal in Switzerland hence any updates from there could increase volatility in prices. If a trade deal is announced where tariffs rates are lowered bullion could witness significant pressure or else prices could trade sideways to higher bias. Sell gold only below Rs 96,000 targeting Rs 94800/93500. Strong resistance is ~96800-97000 any close above the same could take price near the recent peaks of Rs 99,000. (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)
