Gold price forecast today: Gold prices have been fluctuating in recent weeks and no clear advantage or disadvantage is clear. Worldwide events, such as the tariff movements of Donald Trump and geopolitical conflicts, form the movement of gold prices daily. What should investors do in such uncertain scenarios? What is the outlook on gold prices in the short term? Praveen Singh, senior fundamental research analyst and raw materials at Mirae Asset Sharekhan shares his views:Gold performance:Spot Gold gathered sharply in the week that ended on 23 May on the rising safe haven -requirement due to the rating agency Moody’s who downgrades American credit on 17 May and increased economic uncertainty by the US President who imposed a rate of 50% on European goods from 1 June. US President Trump has postponed the 50% EU rates until July 9.Last week American treasuries and the US dollar index were over the state of the state of the American economy. Spot Gold registered a huge weekly profit of 4.84% because this ditch at $ 3357; It had risen by 1.89% on Friday. Yesterday the American markets were closed to observe Memorial Day Holiday, while the London market for Spring Bank Holiday observes. Rate developments:On 23 May, President Trump said that he would impose a rate of 50% on European goods from 1 June because he believed that the American Reurope was not going anywhere about trade agreements. Trump’s tariff threats were not only limited to Europe. In fact, he also threatened Samsung and Apple with a rate of 25% if their products are not made in the US. Later, on 25 May, Trump declined on tariff threats for Europe, because he expanded the deadline until 9 July, referring to positive conversations with the European Commission President Ursula von der Leyen who said that Europe is ready to promote quickly and decisively. US Dollar Index and Rendements:The deepening of concern about the economic outlook of the US in the midst of tariff uncertainty have weighed heavily on American bonds and the dollar index. Both ten years and thirty years of American revenues rose past the post-reciprocal tariff levels last week. On 22 May the US yields of the US rose to 4.62%, the highest since February 2025 before he withdrew to Trump in which a rate rate of 50% is called for Europe. Likewise, 30-year yields rose to 5.15%, the highest since October 2023. The proceeds of ten years and thirty years closed on January 1 and October 27 at the highest weekly levels. The American dollar index fell almost 2% last week to end at 99.11, the lowest daily closure since 28 April and is currently 99.03 with around 0.07%. The index threatens to violate the Post -Wederzijdse Lotpunt of 97.92 that was reached on April 21. ETF companies:Total known Global Gold ETF companies from May 23 at 87.86 MOZ, almost 2% compared to the peak level of 89.77 MOZ seen on April 21; Holdings fell to the lowest level since 8 April for the fifth consecutive week. Nevertheless, companies are still more than 6% YTD. Weekly CFTC Gold -Data:Hedgefonds managers have raised their bullish gold bets by 7,741 Bet-Long positions up to 118,615, the most bullish position in four weeks, because the short total in eight weeks fell to the lowest. Upcoming data and events:Important American data and reports released this week include Conference Board Consumer Confidence (May), FOMC minutes (7 May meeting), GDP (1q secondary estimate), real personal expenditures (April), PCE Price Index (April)-the preferred meter of the Fed for Inflation and Michigan- and long-term inflation expectations. Gold price views:Gold can also fall on relieving trade tensions after President Trump, which postpones the European rate until July 9. On Monday the metal was between $ 3324 and $ 3358 waved, relatively a narrower range, because the markets in New York and London were on vacation. Support in the short term is seen at $ 3311/$ 3292 followed by $ 3275 and $ 3250. This week, if no further developments on tariff fronts are probably marked with data -driven volatility, because the US economic calendar is quite busy. Relating trade tensions can further push prices. Traders can sell with stop loss above $ 3365- $ 3371 resistance zone. However, the disadvantage can be somewhat limited – can be a maximum of $ 3292/$ 3275 or so, about worries as a result of irregular trade policy of the US. A correction in gold prices then gives the chance to go on the yellow metal with Stoploss under $ 3250. At the top, an infringement of $ 3365- $ 3371 resistance zone will open the road for $ 3435. Above $ 3435 the all times of $ 3500 will be in the focus.(Disclaimer: recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the opinion of the Times of India)
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