Fundamental News and Triggers

• Gold prices are reaching unprecedented levels in 2025, and recent back-to-back advances indicate that another parabolic price movement may be on the horizon.
• The safe-haven commodity appears to be impacted by the optimism surrounding US-China trade negotiations. On Tuesday, US President Donald Trump announced that he and senior government officials will spend the next two weeks evaluating possible trade agreements to determine which ones to approve. Trump previously said that his administration may announce trade agreements with some nations as early as this week, but this contradicts that claim.
• Gold’s recent gains can be attributed to two main factors: extreme market optimism and notable dollar weakening. Gold is becoming a more popular safe-haven commodity among investors as geopolitical and economic instability around the world increases.
• Genuine worries that these taxes would lead to higher inflation are fueled by recent economic data that show slowdowns in the US, China, the EU, and many other nations.

Technical Triggers

• Gold prices have given a breakout above $3380 (~Rs 96000), it seems this rally will continue towards $3450 (~Rs 97500) again.
• Silver prices are expected to consolidate between $32 (~Rs 93500) and $34(~Rs 98500).

Support and Resistance

 

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