• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Gold Prices In Consolidation Phase, Upward Trend Ahead: Report

OMMCOM NEWS by OMMCOM NEWS
July 11, 2025
in Business

New Delhi: The gold prices in international markets are in a consolidation phase, and such consolidation prepares a fertile surface for the yellow metal to move in an upward trend, a report said on Friday.

The market is currently focusing on two factors for the movement- direction of the US interest rate and anticipated decline in the US Dollar against other major currencies, said Emkay Wealth Management in its latest Navigator report.

Amid unclarity over the likely impact of the tariffs on the US retail prices, with the Fed on hold, one of the major triggers for gold price movement is missing.

Given the current economic conditions and relatively low inflation numbers, the likelihood of the Fed implementing one or two rate cuts before the end of this calendar year is high, the report stated.

The anticipated decline in the US Dollar against other currencies, which is the second trigger for the yellow metal, can happen only with a sustained fall in the US Dollar yields and interest rates.

“The Dollar index is at 97.00 and this marks a fall of close to 10 per cent over the last six months, and a fall of about 10 per cent since the beginning of this calendar year,” the Emkay report said.

The wealth management firm said that a further fall in the Dollar caused by official rate cuts and a fall in market yields is needed.

Meanwhile, a stable dollar and firming US bond yields have put downward pressure on precious metal prices over the last two weeks.

“Technical support of gold is stated to be at US$3,297 and US$3,248,” the report stated

Earlier in the year, the demand for gold from China was often highlighted as a factor that was supporting higher gold prices; however, after the reported selling by China towards the end of April and beginning of May, this factor has become superfluous in the bigger picture.

There is a strong view that with the new budgeted spends to the tune of $4.60 trillion, the situation could become murkier because the resultant borrowings may put upward pressure on the yields, said Emkay.

(IANS)

Tags: Gold pricesUS Dollar
ShareTweetSendSharePinShareSend
Previous Post

National Karting Championship To Commence On July 12

Next Post

Kapil Sharma’s Cafe Issues Statement After Shooting: We Are Not Giving Up

Related Posts

Income Tax Bill 2025
Business

Govt Withdraws Income Tax Bill 2025 From Lok Sabha, New Version To Be Tabled On Monday

August 8, 2025
Indian stock markets
Business

Indian Stock Market Ends Lower Amid US Tariff Jitters, Sensex Declines 765 Points

August 8, 2025
Business

SBI Clocks 12.5 Pc Rise In Q1 Net Profit At Rs 19,160 Crore

August 8, 2025
Business

50 Pc Tariffs By US Bad Policy Move, India Must Continue To Protect Its Farmers: SBI Report

August 8, 2025
Business

India’s Income Roadmap: Gujarat Emerges Frontrunner; MP Improves As Southern, Western States Consolidate Earnings Dominance

August 7, 2025
Business

US Tariff Hike To Impact Only 4.8 Per Cent Of India’s Total Exports

August 7, 2025
Next Post

Kapil Sharma’s Cafe Issues Statement After Shooting: We Are Not Giving Up

BJP Govt Not For People, But For Industrialists Like Adani: Rahul Gandhi

Group Clash In Ganjam

Kerala Minister’s Office Staff Found Hanging In Locked Govt Quarters

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.