Gold is stabilising around $3350 (~Rs 95500) as sentiment has gone Risk-On after China mulled suspending its 125% tariffs on select US imports, including medical equipment, ethane, and plane leasing.
Gold might have topped out at $3500 in the short-term
Gold prices fell more than 3% yesterday after reaching $3500, and the market appears to have peaked in the short term. Markets are still digesting President Donald Trump’s softer tone on the U.S.-China trade war, as well as his turnaround on wanting to fire Federal Reserve Chair Jerome Powell.
Gold is off $200 (~Rs 4000) from its high on Risk-On sentiment
Gold prices have plummeted by over $200 (~Rs 4000) from their high of $3509 due to U.S. President Donald Trump’s retraction of threats to fire Federal Reserve Chair Jerome Powell and expressed optimism for a trade deal with China, decreasing gold’s safe-haven appeal.
Gold surges above $3500, as Trump vs Powell heaps up
Active Gold June contract has touched a record high of $3504 (~Rs 99178) today, as the dollar fell to a three-year low below 98. President Trump increased pressure on the Federal Reserve, calling for a dramatic rate reduction and even considering replacing Fed Chair Powell.
Gold touches Rs 1 lakh/10 gm mark
Gold prices reached a record high of $3397 (~Rs 96747) on exchanges and nearly Rs 1 lakh in the spot market after adding 3% GST today. Concerns over global economic growth as a result of the escalating Sino-U.S. trade war are driving the rise, with a weaker dollar adding to the momentum.
Is it right time to buy gold or wait, who wants buy for wedding season?
Dr. Renisha Chainani, Head of Research at Augmont Gold, discusses on Zee Business’s ‘Commodity Live’ whether it’s the right time to buy gold for the wedding season, considering current record-high prices and market trends.
How much upside and downside in Gold is expected in next few weeks?
Dr. Renisha Chainani analyzes the short-term outlook for gold, discussing potential price movements in the coming weeks amid market volatility and investor sentiment.
How are the dynamics of the world changing, which is supporting Gold?
Dr. Renisha Chainani explains how global shifts in geopolitics and economics are fueling gold’s strong momentum—discover the trends shaping gold prices today.
Is 2025 going to be deficit year for Gold?
Dr. Renisha Chainani dives deep into the factors influencing gold supply and demand—find out if 2025 is shaping up to be a deficit year for gold.
Gold sustains above $3350 as a stagflation scenario emerges
The gold price reached an all-time high of $3371 (~Rs 95894) as the tariff war between the world’s largest powerhouses escalated further. US President Donald Trump has ordered his team to investigate potential new tariffs on all imports of critical minerals, to reduce their dependency on China.