Fundamental News and Triggers

• Gold reached an all-time high of $3065 (~Rs 89800) as the Federal Reserve hinted at two probable interest rate cuts this year. This bolstered metal’s attractiveness despite continued geopolitical and economic difficulties, prompting gold to post 16 new highs so far in 2025, four of which exceeded the $3000 mark.
• On Wednesday, the Fed left its benchmark overnight rate constant in the 4.25%-4.50% range, but geopolitical concerns persisted as the Israeli military launched ground operations in central and southern Gaza, killing at least 48 Palestinians in airstrikes.
• The Trump administration’s initial policies, including extensive import tariffs, appear to have pushed the U.S. economy toward slower growth and, at least temporarily, greater inflation, both of which are supporting the gold rise.

Technical Triggers

• Gold Apr Futures after having achieved the $3035 (~Rs 88800) milestone, now is expected to extend this run up towards $3080 (~Rs 90000) in the coming weeks. After that, we can see some retracement and profit-booking, which can extend down to $2800 and $2700 maximum.
• While Silver May Futures has also climbed above $34(~Rs 100,000) on strong demand, the next resistance for the prices is $35(~Rs 103,000).

Support and Resistance

 

Disclaimer: This report contains the author’s opinion, which is not to be construed as investment advice. The author, Directors, and other employees of Augmont Enterprise Private Ltd. and its affiliates cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. The opinions mentioned above are based on information, which is believed to be accurate, and no assurance can be given for the accuracy of the information. The author, directors other employees and any affiliates of Augmont Enterprise Private Ltd cannot be held responsible for any losses in trading. In no event should the content of this research report be construed as an express or implied promise, guarantee or implication by or from Augmont Enterprise Private Ltd. that the reader or client will profit or the losses can or will be limited in any manner whatsoever. Past results are no indications of future performance. Information provided in this report is intended solely for informative purposes and is obtained from sources believed to be reliable. The information contained in this report is in no way guaranteed. No guarantee is implied or possible where projections of future conditions are attempted. We do not offer any sort of portfolio advisory, portfolio management or investment advisory services. The reports are only for information purposes and are not to be construed as investment advice.