Gold Price Prediction Today: A Safe Haven in Turbulent Times

Gold, traditionally a safe haven investment, has seen record highs recently amidst global economic and political turmoil, followed by a correction. What does this mean for investors this week?

Market Sentiment and Economic Indicators: Despite easing trade tensions and a stronger dollar, gold's appeal remains undiminished. Recent US economic data presents a mixed picture, with GDP shrinking by 0.3% in Q1 and core PCE flat in March, alongside rising jobless claims.

Gold Price Outlook for the Current Week

Uncertainty around US-China trade talks and the Federal Reserve's upcoming FOMC meeting could influence gold prices. Fed Chair Powell's remarks are highly anticipated, with potential impacts on gold's safe-haven status.

Gold Buy/Sell Strategy for the Current Week

Experts recommend buying MCX Gold June on dips within the 93,500 -93,000 range, with a stop loss below 92,300 and targets of Rs. 96,500 - 96,800 per 10 gm.

Disclaimer: The views and recommendations provided are those of the experts and do not represent the stance of The Times of India.