Gold prices are trading with a bearish bias due to escalating Middle East tensions, inflation concerns, and expectations of a continued restrictive US monetary policy. Higher oil prices and a stronger dollar are weighing on bullion, with attention turning to upcoming US economic data.
Gold prices are trading with a bearish bias due to Middle East geopolitical tensions fueling inflation concerns and strengthening expectations of a US Federal Reserve rate hike. Technical indicators suggest a continued downtrend unless key resistance levels are reclaimed.
MCX Gold August futures show a positive bias, with a 'buy on dips' strategy recommended near Rs 1,45,200–Rs 1,45,400. Technical indicators like EMAs, MACD, and RSI support a bullish outlook, suggesting further upside as long as prices remain above Rs 1,44,000.
Gold and silver are consolidating, with 140,000 as key support for gold and 210,000 for silver. Analysts see dips as accumulation opportunities, maintaining a bullish long-term outlook.
Gold is predicted to consolidate with a bullish bias in the near-term as Fed Chair Warsh notes falling inflation and weaker-than-expected US jobs data. Upside may be capped by aggressive Fed rate hike pricing, though a reduced probability of year-end hikes supports gold. The metal could reach $4300.
Bernstein analysts are sticking to their $150,000 Bitcoin price target by year-end, despite a nearly 50% retrace from all-time highs. They cite potential regulatory clarity and MicroStrategy's continued net buying as positive tailwinds.
Gold prices may see limited upside due to persistent high US inflation, according to Manav Modi, Senior Analyst at Motilal Oswal. While a weaker dollar and softer labor data initially boosted gold, inflation above the Fed's 2% target prompts caution on rate cuts.
Abhilash Koikkara suggests treating near-term softness in gold and silver prices as an entry point. MCX Gold eyes 150,000 with support at 138,000, while MCX Silver targets 254,000 with support at 210,000.
Gold prices are expected to remain under pressure due to anticipated US interest rate hikes, with a negative near-term outlook. The precious metal has fallen for five consecutive weeks, hitting its lowest level since November below $3,980/oz.
Gold prices are seeing limited gains despite falling oil prices, as central banks signal potential rate hikes to combat inflation. Geopolitical developments, including US-Iran talks and Israeli-Lebanese deconfliction, are also influencing the market, alongside a strengthening US Dollar.
Gold prices are holding strong, supported by central bank purchases and an interim US-Iran peace agreement that shifted focus from geopolitics to economics. Easing tensions reduced inflation fears and Fed tightening expectations, leading to lower Treasury yields and a softer dollar.
Gold prices may rise short-term as oil eases, but the US Federal Reserve meeting is crucial. A US-Iran deal on the Strait of Hormuz eased oil prices, boosting gold, though geopolitical details remain. India's gold imports fell due to duty hikes.
Gold prices show a bearish structure with a downtrend in place, facing resistance at 152,000. Silver trades cautiously with a negative bias, with resistance at 240,000. Experts advise caution and risk management.
MCX Gold shows bearish bias, targeting 165,000 with key support at 151,000; MCX Silver consolidates, eyes 300,000 with support at 250,000.
Bitcoin's implied volatility drops to 36%, an 8-month low, indicating expected price consolidation. Overconfident bears may face a liquidation-driven bull run above $82,000.
Spot gold fell 3.7% to $4540 in the week ending May 15. Prices tumbled amid rising oil and dollar, with geopolitical tensions over Iran's sanctions waiver impacting market sentiment. Analysts suggest selling into rallies.
MCX Gold and Silver exhibit bullish trends, with import duty hikes supporting prices. Gold aims for 170,000, while Silver targets 340,000, with key support levels at 155,000 for Gold and 262,000 for Silver.
Gold and silver prices surged domestically following India's sharp increase in import duties to 15%. Analysts expect prices to align with international levels as the market absorbs the changes, with a constructive long-term outlook for gold and strong potential for silver.
Bitcoin looks set for another blockbuster week, but potential resistance at $84,000 could complicate the rally. Will altcoin consolidation continue?
Bitcoin continues to find buyers on each dip, but charts suggest traders may struggle to overcome the $84,000-$92,000 resistance cluster.
Gold and silver price prediction today: Gold and silver prices may continue to rise, with both precious metals exhibiting a bullish bias, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
Bitcoin sellers may show up if BTC hits $84,000, but altcoin charts continue to predict new price highs.
Gold price prediction today: Gold prices are expected to continue seeing volatility in the near-term, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Bitcoin has broken above the $79,500 level, backed by solid buying by institutional investors. Will the altcoins also follow?
