Top Stories

Gold price prediction: What is the gold rate outlook for June 9, 2025 weeks – should you buy or sell?

Prophecy for gold price: Last week, gold climbed at a height of four weeks, while silver moved beyond ₹ 1 lakh on the domestic front. (AI image)

Prophecy for gold price today: Gold rates have seen large ups and downs in the last few weeks, since yellow metal prices have reached a higher level throughout the life. Gold is seen as a safe shelter investment in the upheaval and uncertainty time of uncertainty. The rapidly developed geo -political and business conditions have placed gold investors to guess gold prices. So, what is the prediction of gold rate for this week and what should investors do? Manav Modi, Senior Analyst, Commodity Research in Motilal Oswal Financial Services Ltd shared his approach on gold prices and strategy for gold investors:Last week, gold climbed at a height of four weeks, while silver moved beyond 1 lakh on the domestic front, inspired by a weak dollar and increased global uncertainty. Silver posted one of the fastest benefits on a daily and weekly basis, received 2.7% in the previous season, its strongest daily performance in three weeks, as investors sought asylum amid concerns over the US-China trade deal. The upcoming trade discussion between the US and China remains an important event for the direction of the market. The European Commission is urging the US to reduce tariffs, which combines the comprehensive trade policy uncertainty. Meanwhile, geopolitical tension with Russia seeking regional concessions from Ukraine to end the war intensified. On the Macro front, weak-to-introduced American manufacturing and services, in association with PMI data, disappointing private parole, raise concerns about stagflation. Nevertheless, the better-from-enabled non-agricultural payroll data indicated flexibility in the labor market, keeping the investor spirit mixed. Silver, after retreating from gold, saw a new interest due to better basic things and technical speed, pushed it to a 13 -year high. The ratio of gold/silver also dropped rapidly, indicating the relative power of silver. Silver in the ETF added further support, increasing the growing investors for metal amidst global economic and political instability. This week focus will be on US and China CPI data. Strategy: Buy gold and silver on dips.(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)

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button