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Gold prices today: Global and India
At 02:51 GMT, spot gold stood at $2,940.32 per ounce. It hit an all-time high of $2,954.69 per ounce in the previous session.
US gold futures were steady at $2,956.10 per ounce.In India, 24-carat gold is priced at ₹8,822.3 per gram.
Over the past week, 24-carat gold prices increased 0.24% but are down 5.58% in a month.
Key drivers affecting gold prices
Geopolitical tensions and tariff concerns
Trump plans new tariffs on lumber and forest products.
Duties on imported cars, semiconductors, and pharmaceuticals are already planned.
He has imposed a 10% tariff on Chinese imports and a 25% tariff on steel and aluminum.
Federal Reserve’s stance on interest rates
Fed Governor Adriana Kugler supports holding the federal funds rate steady.Higher interest rates lower gold’s appeal, but economic uncertainty keeps demand strong.
Rising inflation and safe-haven demand
Gold is a hedge against inflation and global instability.
Brian Lan, Managing Director at GoldSilver Central, said, “Gold remains strong, but a near-term pullback could be possible.”
Gold market outlook: What’s next for investors?
Short-term volatility: Trump’s trade policies and Fed decisions may cause price swings.
Safe-haven appeal: Rising inflation and geopolitical risks support gold demand.
Export trends: Swiss gold exports to the US hit a 13-year high, showing strong demand.
Investment takeaway
Gold is resilient in uncertain times. Short-term dips may happen, but long-term investors see gold as a hedge. Watching Fed actions and trade policies is key.
–With Reuters inputs
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