Gold could climb to as high as $4,000 an ounce, possibly within this year (2025), according to Peter McGuire, CEO of Trading.com. Speaking to CNBC-TV18, McGuire said the current price action in gold suggests a consolidation phase before a potential breakout. “It’s at $3,335 per ounce, giving up a little bit of steam, and I’m
Gold price may experience e mid-term weakness if geopolitical and trade risks globally ease, or higher opportunity costs if the US dollar and Treasury yields rise, according to a report released by the World Gold Council. Slowing central bank gold purchase and retail investment demand could also lead to mid-term gold price adjustment, WGC added.
Gold bars getty It’s official – gold is now the world’s second-largest reserve asset for central banks. That’s after the European Central Bank confirmed the yellow metal had overtaken the euro on the back of feverish buying sprees that have pushed its price to record highs over the last 12 months. In a report published
Gold and Silver Price Today, 29 May 2025: Gold prices dipped on the Multi Commodity Exchange (MCX) on Thusday, reaching Rs 94,765 per 10 grams however, gained slightly to Rs 97607 per kilogram. In the international market, spot gold held steady at $3,299.95 per ounce, while US gold futures closed 0.2 per cent lower at $3,294.90. Analysts attribute the stability to the release
Fine gold bar ingots. getty The price of gold continues to smash records at a canter and some on Wall Street reckon it may yet head higher still from where its presently at. In U.S. trading on Tuesday, the price of the precious yellow metal hit another record high soaring above $2,950 per troy ounce
Gold Price Forecast: Profit Booking May Continue Unless Trade War Updates Surface- Should Buy Or Sell?
Markets now look to comments from Fed officials for policy cues. Unless President Trump or Chinese officials release any updates on the trade war, this profit booking may persist. As gold reacts to changing global fundamentals, investors need to be watchful of such important signals as US economic indicators, interest rate directions, and geopolitical uncertainties.