The first look of the US annualised GDP is expected to show a 0.4% growth in Q1 2025, down from a robust 2.4% expansion in the final quarter of 2024. Goldman Sachs economists expect a negative 0.2% growth.
Spot Gold
Trump confirmed that he will not remove Fed Chairman Powell. Due to which gold fell
Gold prices drop as Wednesday’s Asian session begins, which is sponsored by Trump’s comments that he is not looking to fire Fed Chair Jerome Powell. At the time of writing, Yellow Metal plunges over 1% and trades at $3,291.
Spot Gold if Close Above $3,400 Next Target Price 3,462——3500——3542 (Buy on Dips)
Spot Gold (XAU/USD) if Close Above $3,400 Next Target Price $3,462——$3,500——$3,542 (Buy on Dips). The metal’s price holds in steep and accelerating uptrend for the fourth consecutive month, adding to signals of possible much stronger than expected gains in the near future.
Gold remains within striking distance of new record-high above $3,319
Gold price (XAU/USD) posts a fresh all-time high (ATH) near $3319 in Wednesday’s North American session. The precious metal remains an attractive investment amid heightening global trade tensions. The intensifying trade war between the United States (US) and China has forced financial market participants to stay on the safe-haven fleet, assuming that the tussle for dominance between them is painful for the global economy
Gold holds ground amid strong central bank demand, Fed rate cut prospects
Gold prices held steady on Monday, bolstered by strong central bank demand and the potential for an early U.S. Federal Reserve rate cut, but gains were capped as some investors sold bullion to cover losses in other trades.
The intraday chart of gold shows that a new surge is about to come.
The Gold (XAU/USD) Intraday chart shows that the 14-day Relative Strength Index (RSI) has re-entered the bullish zone, easing off the overbought region, indicating that a fresh upswing remains in the offing.
Gold Price Technical Analysis On Intraday Chart [28-03-2025]
The intraday chart shows that spot Gold price has almost tested the ascending triangle target, measured at $3,088.
Gold Prices In India Outlook On Jan-21: How Will 24K, 22K, 18K Prices React On Tues After Trump’s Inauguration
Gold prices in India is likely to be influenced international prices after Donald Trump’s inauguration day where he signed eight executive orders. However, concrete changes are yet to be announced especially related to US trade policy. Yesterday, 24K, 22K, and 18K gold prices climbed ahead of Trump’s inauguration with dollar index witnessing sour mood.
Spot Silver Gains on China Stimulus Plans
Spot Silver prices traded near $32 per ounce on Tuesday, staying close to one-month highs as Chinese policymakers unveiled plans for additional economic stimulus, boosting the demand outlook in the world’s top metals consumer.
