Gold price is consolidating the rebound from three-week lows of $2,832 early Monday, bracing for an eventful week amid looming US tariffs and the Ukraine truce deal.
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Will the price of gold continue to rise in the long term?
Gold hit a new lifetime high in both domestic and overseas markets last week. Uncertainty over US trade tariffs bolstered gold’s safe-haven appeal. Firm overseas prices, a record weak Indian Rupee, and stable demand offered additional support to domestic prices.
Gold Prices Surge Amid Trade War Fears and Geopolitical Tensions
Gold prices saw a notable uptick in early trade on Tuesday, February 25, extending gains from overnight global markets. The surge was driven by escalating trade war concerns and increased demand from retailers and jewellers in domestic markets. Despite a rebound in the US dollar during early Asian trade, gold remained resilient, supported by its safe-haven appeal.
Before making new deals, some stability is being awaited in the gold and silver market
Gold prices remained volatile in the last week, surging overall by Rs 900/10 grams on MCX as Gold April futures contracts opened flat today at Rs 85,970 per 10 grams. The prices were down by 0.05% or Rs 40 on Monday.
Silver Prices Rebound on Trade Tensions
Silver prices recovered from the previous session’s decline to $33 an ounce on Thursday, as trade and geopolitical uncertainties boosted demand for the safe-haven metals.
Gold Rises on Trade War Fears, Now Keep eyes on US PPI data
Gold rose on Thursday, supported by a weaker U.S. dollar and growing worries over U.S. President Donald Trump’s tariff plans, which could heighten global trade tensions, while investors eyed another set of inflation data.
Silver softens ahead of US CPI report
Silver remained below $31 an ounce on Wednesday as investors awaited a key US inflation report that could provide further clarity on the Federal Reserve’s monetary policy direction.