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.(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)
