Gold price prediction: What is the gold rate outlook for April 28, 2025 weeks – should you buy or sell?

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Gold prices increased volatility last week, initially increasing all the time of $ 3,500/OZ on Comex before retreating below $ 3,300. (AI image)

Prophecy for gold price: Where is the possibility of gold prices this week? What are to see global signals and what should be your strategy to sleep? Manav Modi, Senior Analyst, Commodity Research in Motilal Oswal Financial Services Ltd explains:
Gold prices increased volatility last week, initially increasing all the time of $ 3,500/OZ on Comex before retreating below $ 3,300. The rally was inspired by safe-horn demand amidst Bhurajnic and economic uncertainty.The leading catalyst included the criticism of Jerome Powell, president of the Federal Reserve of US President Dardonald Trump and concerns over a long-term American-China trade tension. Trump warned that the US economy could slow down until the interest rates are immediately cut, the pressure on the fed increases.
However, gold prices rapidly corrected as Trump drove Powell away from firing and indicated optimism on possible trade talks with China. US Treasury Secretary Scott Besent added to mixed signals, suggested de-size, but did not give any clarity on the deadline. Meanwhile, the global spirit was extended up to 2.8% to 2025 from the forecast of the downgraded global development of the IMF, modified upwards with the expectations of inflation.
Connecting uncertainty, President Putin indicated peace efforts about Ukraine, and the White House was allegedly considering tariff cuts on Chinese imports. Despite the dip, the attention of the investor focuses on central bank independence, elevated inflation expectations and uneven American economic data, including mixed PMI reading and sustainable goods order.
The markets are now waiting for the comments from the Fed officials for the policy direction. As long as there is no update from President Trump or Chinese authorities in relation to trade war, this profit can continue booking.
Strategy for Sleeping: Sell Gold
Stop Loss: Rs 96,500 and above target: 93,500/92,800 rupees
(Disclaimer: Recommendations and views on stock markets and other asset classes given by experts are their own. These opinions do not represent the views of Times of India)