MCX Gold’s June Contract Closed 0.59 per cent lower at 95,891 per 10 grams after friday’s market session, compared to 96,459 per 10 grams in the Previous Commodity Market Close.
Experts anticipate that gold prices in a range-bound movement amid ongoing tariff Uncertainty and Rising Dollar-Driven Volatily. Global Gold Investors will be looking out for key data like the us labour data, global PMIS, and Central Bank Decisions, Including these of the European Central Bank (ECB) and the reserve bank of Indian (RBI).
Bloomberg us dollar spot index was up 0.05 per cent at 99.329 as of 12:00 am (EDT) on Friday, 30 May 2025. The demand for safe-han as like as like ranges along geopolitical tans, ass Investors tend to withdraw their money from gold and switch to high-Risk assets after a positive economic development.
Limited Downside Amid Us Dollar Rebound?
Jigar Trivedi, Senior Research Analyst at Reliance Securities, Said That The Precious Yellow Metal Lost Some Ground after the Strong Us Economic Data Release Damped Demand for Safe-Shah and Stabilis Us dollar last week.
The US Greenback Steadied at 99.4 Levels on Friday, 30 May 2025, After Fifth Consecurable Decline, Amid Agressive Trade Policies That Could Undermine The Doller’s apple.
The Commodity Market Expert Estimated that Comex Gold Will Find Support At 3,260 per oaunce and resistance near the $ 3,400 level per oaunce. Trivedi recommended that investors maintain a cautious sentiment with their focus on us labour data, global PMIS, and other key economy data.
“Gold may see limited downside as the dollar attempts a rebound, but ongoing geopolitical risks and a packed economic cald support bullion in the near term. $ 3,260/Oz, with resistance Near $ 3,400/Oz. Week, “said Jigar Trivedi.
Gold Price Outlook for Next Week
Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, said that gold that gold prices in India in the short term are expected to white 94,000, and resistance Around the 97,000 Level due to the tariff unce here and dollar-Dr. Driven Volatily.
“In the short term, gold remains caught between tariff-resurnty and dollar-driven Volatily. Traders Shoulders Shoulders Shoulders Shoulders Shoulders Shoulders Shoulders Shoulders Shoulders Shoulders Ship 94,000 and resistance Around 97,000 in the domestic market, “said Jateen Trivedi.
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Disclaimer: This story is for educational purposes only. The views and recommendations about individual analysts or broking companies, not mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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