Sunday, June 1, 2025

Creating liberating content

Baby names inspired by the stars Stars have fascinated humankind

Fasting may be viewed as a means of ONLY reducing

NEW DELHI: Pakistan violated the Indus Waters Treaty (IWT) through

Welcome to this week’s horoscope, where the celestial alignments offer

Related News

Baby names inspired by the stars Stars have fascinated humankind for centuries—guiding travelers, inspiring poets, and lighting up the night sky with wonder. Naming your baby boy after the stars

Fasting may be viewed as a means of ONLY reducing weight by some, but this practice has science-backed evidence when it comes to controlling other functions of the body like

NEW DELHI: Pakistan violated the Indus Waters Treaty (IWT) through “unrelenting cross-border terrorism”, India said at an international forum in Tajikistan and justified its action of putting the 1960 treaty

Welcome to this week’s horoscope, where the celestial alignments offer insight into the lives of the zodiac signs. From career and love to finances and health, these forecasts provide a

GORAKHPUR: All poultry shops in Gorakhpur in Uttar Pradesh were asked on Saturday to shut for 21 days following detection of avian influenza strains, H5N1 and H9N2, in bird samples

CHANDIGARH: The concept of “deemed confirmation” cannot override an employer’s power to analyse work, conduct and behaviour of a probationer to ensure suitability in service, the Punjab and Haryana high

Trending News

Finance minister Nirmala Sitharaman NEW DELHI: Finance Minister Nirmala Sitharaman on Saturday endorsed the Central Board of Indirect Taxes and Customs (CBIC) for its detailed clarification on social media allegations

NEW DELHI: Industry associations Solvent Extractors’ Association (SEA) and Indian Vegetable Oil Producers’ Association (IVPA) have welcomed the government’s decision to reduce the basic customs duty on crude edible oils

The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new

NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by

NEW DELHI: Bank branches in metropolitan areas have seen their share in overall credit decline to 58.7 per cent as of March 2025, down from 63.5 per cent five years

New Delhi: Banks across India will stay open on Saturday, May 31, as it is the fifth Saturday of the month.According to the Reserve Bank of India (RBI) guidelines, banks

Gold price prediction: What’s the gold rate outlook for May 5, 2025 week – should you buy or sell?

Word Count: 737 | Estimated Reading Time: 4 minutes


Gold price prediction: What's the gold rate outlook for May 5, 2025 week - should you buy or sell?
Gold rate today: Focus this week shifts to Services PMI data from major economies and Fed policy meeting. (AI image)

Gold price prediction: What’s the outlook for gold prices in the week starting May 5, 2025? After touching record highs recently, gold has seen dips in recent days. What are the global cues that investors of gold should watch out for and what should their strategy be for gold? Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd explains:
Last week, gold prices posted their worst weekly decline in over two months, falling back from the recent all-time high of $3,500, as easing trade tensions and mixed U.S. economic signals reduced safe-haven demand. The U.S. initiated overtures toward renewed trade talks with China, and Beijing responded by exempting some American goods from retaliatory tariffs—moves seen as steps toward de-escalation.
Additionally, President Trump introduced relief measures on auto-related tariffs, offering temporary easing for both domestic and international manufacturers. These developments shifted investor interest toward the dollar and bonds, pressuring gold. On the geopolitical front, the U.S.-Ukraine agreement granting preferential access to key minerals was seen as a strategic move against Russia, while President Putin announced a brief ceasefire in Ukraine around Victory Day, with Kyiv.
Economic data from the U.S. was largely disappointing—GDP contracted by 0.3%, while consumer confidence and ADP private payroll figures also came in below expectations, underscoring concerns about economic momentum. Toward the end of the week, U.S. labor data painted a mixed picture, failing to provide clear direction for markets. While job openings fell sharply, a drop in layoffs suggested the labor market remains somewhat resilient.
However, the overall tone of U.S. data leaned negative, reinforcing caution among investors. Despite a mild rebound in gold prices late in the week, market participants are focused on the geo political development which could continue to weigh on the market.
Focus this week shifts to Services PMI data from major economies and Fed policy meeting where Governor Powell’s statements will be very important to watch for. UK, China and Japan will also remain shut at the start of this week, on the back of public holiday
Strategy for gold:
View sideways to higher. Sell, for target of Rs 90,500-90,000; Resistance: Rs 93,500-94,000
(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)





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account