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Gold prices today: global and India
On 02:51 GMT, the spot gold was $ 2,940.32 an ounce. It hit the last session at an all -time high of $ 2,954.69 per ounce.
The US Gold Futures were stable at $ 2,956.10 an ounce.
In India, the price of 24-carat gold is ₹ 8,822.3 per gram.
In the last one week, 24-carat gold prices increased by 0.24%, but are 5.58% below a month.
Prominent driver affecting gold prices
Geophysical stress and tariff worry
Trump has planned a new tariff on wood and forest products.
Duties on imported cars, semiconductors and pharmaceuticals are already planned.
He has imposed 10% tariff on sugar imports and 25% tariff on steel and aluminum.
Federal Reserve’s interest on interest rates
Fed Governor Adriana Kugler supports the rate of federal funds stable.
High interest rates reduce the appeal of gold, but the demand for economic uncertainty is stronger.
Rising inflation and safe haveon demand
Gold is a defense against inflation and global instability.
“Gold remains strong, but a near-period pullback may be possible,” said Goldsilver Central Managing Director Brian Lan.
Gold Market Outlook: What’s next for investors?
Short -term instability: Trump’s trade policies and fed decisions can cause value swings.
Safe-Havan appeal: Rising inflation and geopolitical risk support gold demand.
Export trends: Swiss Gold Exports made a strong demand for the US to increase the highness of 13 years.
Investment Tech Way
Gold is flexible in indefinite times. There may be short -term dips, but long -term investors see gold as hedge. It is important to see the action and business policies fed.
,With Reuters input
Also read Gold outpar equity, bitcoin 2025: How soon it will be a $ 3,000 per ounce hit
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