Prophecy for gold price: What is the approach to gold rate for May 26, 2025 weeks – should you buy or sell?
Prophet of gold price today: Rapidly changing geopolitical situations, tariff moves of Donald Trump and the ongoing Russia-Ukraine conflict are raising gold rates.Gold is a safe shelter investment at the time of uncertainty, but the business has been unstable for the last few weeks after colliding with a height of the valuable metal lifetime. It is important to see out for cues as investors.Manav Modi, Senior Analyst, Commodity Research in Motilal Oswal Financial Services Limited shared its view on gold prices:Last week, there was a unstable in gold prices, briefly growing above $ 3,200 as investors demanded a safe-horn property among a firm. The dollar and geopolitical uncertainty, which includes a Russian-Ukraine ceasefire expectations after the meetings of President Trump with foreign authorities. However, the benefits were short-lived, with more than 2%gold, marking their worst weekly performance since last November, because the risk hunger returned to signs of progress in American-China business talks. Citing concerns over rising loans, the American sovereign credit rating moody’s increased market caution. Meanwhile, weakened-to-intakeed US economic data-producing prices were added to retail sales and industrial production-dependent sentiments.The debate in the Congress on the proposed tax-cut bill of President Trump intensified, with uncertainty when it was passed, Trump especially warned of significant tax increase when the bill failed. The US dollar remained below the index 100, while the treasury yield rose rapidly. Industrial metals and silver supported China’s debt from a small deduction in China’s debt prime rate, promoting the comprehensive economic sentiment.Although strong dollar moves and benefits were briefly weighed over gold, fiscal concerns and debt risks helped maintain its safe appeal.At the end of the week, Trump threatened 50% tariff on the European Union and 25% tariff on Apple, if it changes production in India. However, later he canceled the threat of the European Union tariff, gave a block to negotiate a business deal by July, slightly reduced the global trade stress. The upcoming week fed speeches and major US GDP, consumer trust, inflation and FOMC meeting will focus on minutes.
Gold Trading Strategy:
Buy above 96,500 for a target of 98,000 and 99,000, strong support is near 94,800 and 93,800.(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)
