Gold Price Prediction Today

Gold prices are likely to trade sideways as the safe haven appeal of the yellow metal somewhat diminishes with the US sealing trade deals with many countries.

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 edged lower last week after briefly touching the ₹1 lakh mark domestically, pressured by profit booking and easing global trade tensions.

Global Trade Developments

The safe-haven appeal of bullion waned as the US and European Union reached a framework trade agreement, imposing a 15% tariff on most EU goods—significantly lower than the initially threatened rate—mirroring a similar pact with Japan.

This development helped avert a broader trade war between two of the world’s largest trading blocs.

Economic Indicators and Fed Policy

Meanwhile, the US dollar weakened, limiting gold’s downside, as mixed economic data—including lower jobless claims, strong services PMI, and shrinking manufacturing activity—clouded the outlook for interest rate changes.

While President Trump continued to criticize the Federal Reserve’s stance, Fed Chair Jerome Powell reiterated a wait-and-see approach, making no clear commitment to rate cuts.

Gold Price Stance

Sideways to lower - Rs 96,000 - Rs 99,500

(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)