Gold price prediction today: Gold is in focus with heightened geopolitical tensions between Iran and Israel and with the US bombing nuclear facilities in Iran. Will gold prices resume a conclusive upward trend amidst growing global uncertainties? 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 remained volatile throughout last week, hovering around the ₹1 lakh mark domestically, as geopolitical tensions between Israel and Iran escalated, boosting safe-haven demand. Despite this, gold’s upward momentum was capped by a firm dollar, which was hovering slightly below 100. Investors are closely monitoring the US Federal Reserve’s policy stance after it left interest rates unchanged while signalling a more gradual rate cut path ahead. Fed Chair Jerome Powell emphasized caution, citing stable unemployment and expectations of rising inflation due to tariffs. Markets are pricing in rate cuts totalling 50 bps in 2025, but less aggressive easing for 2026–27. Meanwhile, US data revealed weaker-than-expected retail sales and industrial production, indicating potential economic softness, though jobless claims were lower, suggesting resilience in the labor market. Market participants now await Powell’s upcoming testimony and key economic indicators including preliminary PMIs, GDP, consumer confidence, and the PCE price index.In global developments, China’s central bank held steady on its loan prime rates, adding pressure to industrial metals. Domestically, silver saw some profit booking from all-time highs. Despite tensions and US intervention in the Iran-Israel conflict, Iran’ s stance on Strait of Hormus is very important for further direction in the market.
- Stance On Gold: Sideways to positive:
- Support Rs 97,000 – Rs 98,000; Resistance: Rs 100,000 – Rs 100,100
(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)
