Amid safe-haven buying due to Israel-Iran tensions and weakness in the dollar index, gold August futures contracts at MCX surged sharply higher by Rs 2,011 or 2.04%, crossing the 1 lakh mark at Rs 1,00,403/10 grams on Friday.The yellow metal’s rally seems unstoppable, but a tone of caution still persists ... Read More
Gold Price Forecast
Stage is Set for the Bulls The stage is set for gold to approach the $3,500 price area and the potential for a new record high for gold. Nevertheless, there is also potential resistance at $3,491, which is an initial upside target for a rising ABCD pattern (purple). If current ... Read More
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Risk aversion has boosted Gold to fresh monthly highs.A rush for safety after Israel's attack on Iran has triggered a rush for safety on Friday.XAU/USD bulls are focusing on $3440 and the $3495 all-time high. Gold (XAU/USD) appreciates for the third consecutive day on Friday, and is on track for ... Read More
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He noted that the demand for gold is being bolstered by “a blend of risk aversion and a recalibration of monetary policy expectations.” Cooling Inflation Strengthens Fed Cut Bets The Producer Price Index (PPI) rose just 0.1% in May, down from a 0.2% decline in April, signaling persistent disinflationary trends. ... Read More
Gold hit a near 2 month high of $3,425 on Friday as investors fled to safe haven assets as Middle East tensions escalated. Written by: Arslan Butt • Friday, June 13, 2025 • 2 min read • Last updated: Friday, June 13, 2025 Add an article to your Reading ListRegister ... Read More
Gold and silver prices increased further as Middle East tensions between Israel and Iran intensified. (AI image) Gold rate today: Gold prices in India surged sharply on Friday, climbing by Rs 2,200 to reach Rs 1,01,540 per 10 grams in the national capital, as geopolitical tensions intensified following Israel’s military ... Read More