Centre restricts import of certain precious metal alloys containing goldIANS Addressing the need of the domestic industry without disruption for actual use, the Directorate General of Foreign Trade (DGFT) has restricted import of alloys of Palladium, Rhodium, and Iridium containing more than 1 per cent gold by weight. This measure expands upon the existing restriction
Meanwhile, Platinum ETFs and institutional positioning have surged, with investment demand forecast to hit 688,000 ounces in 2025. Analysts at TD Securities warn that ETF accumulation is now draining the free float – setting up the potential for tightening liquidity and a short-squeeze. Platinum’s Supply Crisis Is Accelerating The bullish setup doesn’t stop at demand.
At 13:31 GMT, XAU/USD is trading $3358.24, down $12.14 or -0.36%. Federal Reserve Pushback on Rate Cuts Weighs on Gold The latest FOMC statement reinforced the Fed’s cautious stance, maintaining rates in the 4.25%–4.50% range. However, it also reduced the number of anticipated rate cuts this year, citing a challenging economic environment. Traders trimmed long
Gold extends its reversal as a brighter market sentiment is undermining demand for safe assets. Hopes of a negotiated outcome in the Middle East war are feeding a mild appetite for risk on Friday. XAU/USD is under a growing bearish momentum after breaking below the wedge pattern. Gold (XAU/USD) is trading lower on Friday as
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The new move restricts the import of any gold-containing alloy with more than one per cent gold In a move to prevent the misuse of trade channels for importing gold in disguised forms and to bolster trade oversight, Ministry of Commerce and Industry has announced new import restrictions on certain precious metal alloys containing gold,
Moreover, the 2025 GDP growth outlook was lowered to 1.4% due to uncertain trade policies and economic challenges in the US and China. Meanwhile, unemployment is expected to rise to 4.5%. These projections reflect a cautious stance, maintaining tight monetary policy and limiting gold’s rally. The US Dollar Index rebounded from the 98 support level,
XAU/USD Current price: $3,369.70 The Bank of England kept the benchmark rate at 4.25% as widely anticipated. The Middle East crisis keeps escalating and undermining the market’s mood. XAU/USD is neutral-to-bearish in the near term, steeper decline out of the table. Spot Gold is depressed, trading in the $3,370 region after posting a fresh weekly
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Gold price edges higher during the Asian session, though it lacks follow-through buying. Trade uncertainties and rising geopolitical risks underpin the safe-haven precious metal. The Fed’s hawkish pause lifts the USD to over a one-week high and caps the XAU/USD. Gold price (XAU/USD) attracts some dip-buying during the Asian session on Thursday and recovers a