Gold Outlook: Precious Metal Likely to Remain Rangebound. Is it right time to investment?

Gold Price: After the release of weak us economy data, MCX Gold Pries Opened With An Upward Gap at 98,248 per 10 grams and quickly rose to an intraday high 98,378 shortly after the market open on Friday, June 6. The precious metal settled 0.02 per cent higher to end the day at 97,051.

The weight us economy data overshadowed the early optimism sparked by President Donald Trump’s Call with Chinese President XI Jinping, As Investors Turned Theirs to the upcoming us Payroll Report.

In the International Market, Gold Pries Declined by Over 1% on Friday Folling a Us Jobs Report that Excized Expectations, Reducing Optimism for NEAR-TERM Interest Rate Cuts by the federal reserve.

“Gold Pries have Rallied with Good Momentum in the Recent Week from a Close of Rs.95875/10 gms to Around Rs.98133/10 gms as on 6th june 2025, a rally of around 2.5 percent. Pris Have Rallied from Lows of $ 3245/Once to Around $ 3366/Once as on 6th June 2025, Rally of Around 3.7 percent. Around the escalation of Geo-Political Tensions Between Russia-Ukraine ALTHAYAY ARETTING ON TABLEATION TABLE DISCUSS PEACE, Combined with the Tariff Situation Us-Chena, ” Mallya, DVP-Research, Non -gri Commodities and Currencies, Angel One Ltd.

Silver Price Climbed Past $ 36 per oounce, Hitting their highhest level since February 2012, fuled by Strong Technical Momentum, Solid Industrial Demand, Persistent Suppply Shortages, and GROWING Investor Interest as a safe haven during economic unce here.

Gold Price Outlook for Next Week

Jigar Trivedi, Senior Research Analyst at Reliance Securities Says That Investors will be closely monitoring how the growing Rift Rift Rift Between President Trump and Elon Musk UNFOLDs, In addition to the ingredients Surrounding us tariff negotiations.

Trivedi further said that comex gold has been trading in the broad range from $ 3,200-3,400/Oz, this range is crucial for the next move. A Close Above $ 3,400/Oz Will Open Doors for the Next Rally Until Until $ 3,500/Oz in the coming weeks.

“On the other side, a close below $ 3,200/oz may pull it lower to $ 3,100/oz. Hence will have to wait for the range to be broken decisively. Uncertaintiies, Trade War and Escalating Geo Political Risk Between The Russia and the Ukraine.

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