Fundamental News and Triggers
All that glitters is Gold
- Spot gold has reached its historic level of $4000 (~Rs 122,000), glittering more than 55% year-to-date, and setting a new milestone, amid global economic uncertainty and expectation of US interest rate cuts, investors are moving towards safety.
- Key economic data have been delayed by the US government shutdown, which is currently in its second week, making evaluations of the state of the US economy more difficult.
- Further layers of uncertainty for international markets are being added by the ongoing political unrest in France and the recent change of leadership in Japan.
- According to World Gold Council data, net inflows into Indian gold ETFs totalled $902 million in September 2025, a 285 per cent increase from $232 million in August. This was the fourth consecutive month of inflows, and all months of 2025 saw positive traction except for March and May.
Technical Triggers
- Gold has achieved the target of $4000 (~Rs 120,900) today. This rally can show more upward spikes towards $4100-50, but one needs to be very cautious at this level. On the other hand, if Gold falls below $3850 (~Rs 117,000), we can say, top has been made, and a correction will follow.
- Silver is on the way to touch $50(~Rs 150,000), as the bull run continues. $47(~Rs 145,000) is very strong support. If prices sustain below this level, we could see more correction or profit booking.
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