Latest news with #USFederalOpenMarketCommittee
Time of India
27-07-2025
- Business
- Time of India
Gold price prediction: Analysts forecast gold rates for August
Gold price was down throughout the previous week as gold rate was down by over one per cent to $3,335.60. Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said. Gold will also face tough challenges from developments related to the August 1 trade deal deadline. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. Gold Rate to Remain Low On the global front, Comex gold futures for August delivery slipped by USD 37.90 or 1.12 per cent to close at USD 3,335.60 per ounce in New York. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Technology Artificial Intelligence healthcare Project Management Others MBA Data Science Degree PGDM Design Thinking Management Data Analytics MCA Cybersecurity Leadership Product Management Digital Marketing CXO Data Science Healthcare Finance others Public Policy Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details N S Ramaswamy, Head of Commodity & CRM, Ventura , said gold saw a sharp drop from USD 3,438 to USD 3,335.60 per ounce amid an extended tariff truce between the US and China, which has added to this sentiment. Gold may stay weak as hopes of more trade deals or tariff delays before the August 1 deadline, Ramaswamy stated. Safe haven demand seems to have vanished and has lifted the US stocks and Treasury yields, buoyed by strong AI-linked corporate earnings and risk-on appetite. The next move in gold will depend on whether the US Fed signals a more dovish stance or if tensions flare again on the tariff front, he said. Live Events Ramaswamy added that a possible resumption of Chinese central bank gold buying could offer support later in 2025, but for now, the market may remain in a phase of consolidation. When will Gold Price Rise? Gold prices may see some consolidation in the week ahead as the focus will be on the outcome of trade negotiations between the US-Euro zone and the US-China along the policy meeting of the US Federal Reserve and Bank of Japan, both of them expected to keep interest rates on hold. However, their official commentary will be closely watched, Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said. Gold prices have had a good ride in July; however, the correction was driven by lower safe-haven demand and expectations of a breakthrough in trade deals, Prathamesh Mallya, DVP - Research, Non-Agri Commodities and Currencies at Angel One, said. Mallya expects that precious metal prices to remain under pressure and added that the US GDP data will also play a critical role in shaping gold's trajectory in the short term. FAQs Q1. What is the current gold price? A1. Globally, spot gold is trading around $3,348–$3,350 per ounce, well above the $3,300 mark reached earlier in July. Analysts noted record highs of about $3,500 per ounce in April, with sustained demand from investors and central banks pushing prices higher. Q2. What are experts forecasting for gold prices in 2025? A2. HSBC has revised its 2025 average forecast upward to $3,215/oz (up from $3,015), with a year-end projection of $3,175/oz and a 2026 forecast of $3,025/oz. It anticipates gold trading between $3,100 and $3,600/oz for the rest of the year. Other institutions offer similarly bullish targets: Citi sees $3,000/oz, Goldman Sachs targets $3,100/oz, and UBS projects $3,200/oz in 2025. Some long-range forecasts even suggest $4,000/oz by mid-2026 if current geopolitical and economic stresses persist.
&w=3840&q=100)
Business Standard
27-07-2025
- Business
- Business Standard
Gold may remain in consolidation phase amid global trade talks: Analysts
Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said. Traders will also closely watch macroeconomic data, including Personal Consumption Expenditures (PCE) inflation numbers, employment data from the US, manufacturing PMI numbers from across regions and developments related to the August 1 trade deal deadline. August 1 marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said, "Gold prices may see some consolidation in the week ahead as the focus will be on the outcome of trade negotiations between the US-Euro zone and the US-China along the policy meeting of the US Federal Reserve and Bank of Japan, both of them expected to keep interest rates on hold. "However, their official commentary will be closely watched," Mer said, adding that the Fed remains under pressure to cut interest rates, and the Bank of Japan is being tracked for potential hikes. On the domestic front, gold futures for October delivery corrected from a recent high of Rs 1,01,543 to Rs 98,764 per 10 grams, down by 2.74 per cent on the Multi Commodity Exchange (MCX). Prathamesh Mallya, DVP - Research, Non-Agri Commodities and Currencies at Angel One, said, the rally in gold prices took a breather due to a combination of factors including ease of safe-haven demand, profit taking following recent highs, and optimism about global trade deals especially between the US-Japan, and the US-EU talks. "Gold prices have had a good ride in July; however, the correction was driven by lower safe-haven demand and expectations of a breakthrough in trade deals," he said. Mallya expects that precious metal prices to remain under pressure and added that the US GDP data will also play a critical role in shaping gold's trajectory in the short term. Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities, said that volatility in the rupee owing to tariff-related uncertainties may offer limited support to the bullion prices in the domestic market. On the global front, Comex gold futures for August delivery slipped by USD 37.90 or 1.12 per cent to close at USD 3,335.60 per ounce in New York. N S Ramaswamy, Head of Commodity & CRM, Ventura, said gold saw a sharp drop from USD 3,438 to USD 3,335.60 per ounce amid an extended tariff truce between the US and China, which has added to this sentiment. Gold may stay weak as hopes of more trade deals or tariff delays before the August 1 deadline, Ramaswamy stated. "Safe haven demand seems to have vanished and has lifted the US stocks and Treasury yields, buoyed by strong AI-linked corporate earnings and risk-on appetite. The next move in gold will depend on whether the US Fed signals a more dovish stance or if tensions flare again on the tariff front," he said. Ramaswamy added that a possible resumption of Chinese central bank gold buying could offer support later in 2025, but for now, the market may remain in a phase of consolidation.
The Star
17-07-2025
- Business
- The Star
Market sentiment weighs on Bursa earnings
PETALING JAYA: A lower average daily value (ADV) of trading activity is expected to weigh on stock exchange operator Bursa Malaysia Bhd 's net profit for the second quarter ended June 30, 2025 (2Q25). Kenanga Research, which has maintained a 'market perform' call on the stock with a higher target price of RM8 from RM7.80, said the ADV for 2Q25 of RM2.29bil came in below its expectations of RM3bil. It noted that 2Q25 ADV declined 13% from 1Q25 and was a 37% decrease from the same quarter a year ago. The research house pointed to the impact on market sentiment from shifting developments on US tariffs. 'This had particularly undermined sentiment for semiconductor industries. Meanwhile, prolonged conflicts in the Middle East left mixed reactions between oil and gas counters and port operators,' it added. It expects 2Q25 net profit of RM59mil to RM65mil, which would be 10% below 1Q25 and 23% below the same quarter a year ago on the sequentially lower ADV dragging total revenue from securities, which makes up half of total operating revenue. It has also cut forecast ADV to RM2.53bil for the financial year ending Dec 31, 2025 (FY25) from RM2.91bil previously. 'We also trim our FY26 ADV to RM2.85b (5% below RM3bil) in anticipation for uncertainties to persist. Following these adjustments we cut our FY25/FY26 earnings by 8%/3%,' it added. Kenanga Research expects trading sentiment for the second half of the year to continue seeing weakness, with market participants being watchful of certain dates such as US Federal Open Market Committee meetings, particularly on July 30 and Sept 17 that could set the tone for US Fed movements, the Aug 1 deadline for US tariffs and Aug 15 for Malaysia's 2Q25 gross domestic product, it said, adding that other concerns were inflationary impact from the expanded sales and service tax and clarity on the RON95 subsidy rationalisation mechanics.
The Star
16-07-2025
- Business
- The Star
Ringgit slips at opening against greenback as US rate cut hopes fade
KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback strengthened on waning hopes of an interest rate cut this month by the United States. At 8 am, the ringgit dipped to 4.2480/2575 against the greenback, compared to Tuesday's close of 4.2395/2440. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US June Consumer Price Index (CPI) report released on Tuesday suggests that the inflation rate there is climbing, dashing hopes for an interest rate cut at the upcoming US Federal Open Market Committee (FOMC) meeting at the end of July. "The US CPI came in at 2.7 per cent higher year-on-year in June from 2.4 per cent in the preceding month and similarly, the core CPI rose 2.9 per cent during June after sustaining 2.8 per cent increases for three consecutive months," he told Bernama. Mohd Afzanizam also noted that China's second quarter gross domestic product (GDP) moderated to 5.2 per cent from 5.4 per cent in the first quarter, resulting in the Chinese yuan weakening against the greenback by 0.15 per cent to 7.1825 yuan. "In light of the latest US CPI and China's GDP, the ringgit could experience some knee jerk reaction with the US dollar-ringgit pair at around RM4.24-RM4.26 today," he added. At the open, the ringgit was traded higher against a basket of major currencies. It improved against the Japanese yen to 2.8552/8618 from 2.8702/8734 yesterday, strengthened against the British pound to 5.6893/7021 from 5.7047/7107, and gained versus the euro to 4.9311/9421 from 4.9539/9591. The local note trended mixed against ASEAN currencies. The ringgit trended firmer vis-à-vis the Singapore dollar at 3.3066/3145 from 3.3095/3133, and edged up against the Thai baht to 13.0355/0783 from 13.0784/0988. But it slipped against the Indonesian rupiah to 261.1/261.8 from 260.6/261.0 and dropped against the Philippine peso at 7.49/7.51 from 7.47/7.49 from Tuesday's close. - Bernama
Malaysian Reserve
16-07-2025
- Business
- Malaysian Reserve
Ringgit slips at opening against greenback as US rate cut hopes fade
THE ringgit opened lower against the US dollar today as the greenback strengthened on waning hopes of an interest rate cut this month by the United States. At 8 am, the ringgit dipped to 4.2480/2575 against the greenback, compared to Tuesday's close of 4.2395/2440. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US June Consumer Price Index (CPI) report released on Tuesday suggests that the inflation rate there is climbing, dashing hopes for an interest rate cut at the upcoming US Federal Open Market Committee (FOMC) meeting at the end of July. 'The US CPI came in at 2.7 per cent higher year-on-year in June from 2.4 per cent in the preceding month and similarly, the core CPI rose 2.9 per cent during June after sustaining 2.8 per cent increases for three consecutive months,' he told Bernama. Mohd Afzanizam also noted that China's second quarter gross domestic product (GDP) moderated to 5.2 per cent from 5.4 per cent in the first quarter, resulting in the Chinese yuan weakening against the greenback by 0.15 per cent to 7.1825 yuan. 'In light of the latest US CPI and China's GDP, the ringgit could experience some knee jerk reaction with the US dollar-ringgit pair at around RM4.24-RM4.26 today,' he added. At the open, the ringgit was traded higher against a basket of major currencies. It improved against the Japanese yen to 2.8552/8618 from 2.8702/8734 yesterday, strengthened against the British pound to 5.6893/7021 from 5.7047/7107, and gained versus the euro to 4.9311/9421 from 4.9539/9591. The local note trended mixed against ASEAN currencies. The ringgit trended firmer vis-à-vis the Singapore dollar at 3.3066/3145 from 3.3095/3133, and edged up against the Thai baht to 13.0355/0783 from 13.0784/0988. But it slipped against the Indonesian rupiah to 261.1/261.8 from 260.6/261.0 and dropped against the Philippine peso at 7.49/7.51 from 7.47/7.49 from Tuesday's close. — BERNAMA
