Gold price prediction today: Will gold & silver prices continue to climb new highs?

Gold terms prediction today: Gold prices are touching caller grounds highs owed to heightened geopolitical tensions, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities astatine Mirae Asset Sharekhan. Here’s his outlook connected golden prices:Gold Performance:

ETF and COMEX golden inventory:

Dollar Index and yields:The US Dollar Index fell astir 0.15% to 99.08 connected January 19 aft rising for 3 consecutive weeks.Two-year and ten-year treasury yields jumped astir 2% past week arsenic the US President expressed uncertainty implicit the assignment of Kevin Hassett, a cardinal proponent of little complaint policy. Trump wants to support him astatine the White House.The US Bond marketplace was closed connected January 19 to observe Martin Luther King Jr Holiday.Trade and tariffs:Trump rattled NATO allies implicit the play aft threatening to enforce 10% tariffs connected 8 EU nations starting February 1 if helium doesn’t get power of Greenland.Tariffs volition beryllium accrued to 25% from June 1. The projected tariff volition beryllium owed and payable until a woody is reached for implicit and full acquisition of Greenland.US Treasury Secretary Scott Bessent said that Europe was excessively anemic to guarantee Greenland’s information successful an interrogation connected Sunday.

International Monetary Fund Managing Director Kristalina Georgieva said it’s excessively aboriginal to gauge the economical interaction of tensions implicit Greenland, though it could beryllium a headwind for growth.EU ambassadors met connected Sunday to sermon options if Trump follows done with his threats. They are considering €93 cardinal ($108 billion) worthy of American goods. The bloc’s leaders are owed to conscionable for an exigency acme connected Thursday.The European Union is erstwhile again weighing whether to usage its astir almighty economical limb — the anti-coercion instrumentality (ACI) — successful a quality with a large trading partner. The instrumentality allows the EU to deploy an array of measures successful effect to coercive commercialized tactics. It whitethorn see caller fees connected EU imports of US goods and services, curbs connected US investments successful Europe oregon a prohibition connected American firms bidding for nationalist contracts.US Supreme Court ruling connected tariffs:The pending US Supreme Court ruling connected immoderate of Trump’s earlier tariffs whitethorn travel arsenic soon arsenic Tuesday.Annual World Economic Forum successful Davos:President Trump volition code the yearly World Economic Forum successful Davos this week and whitethorn connection details of location ownership plans for helping Americans bargain homes by making it imaginable to instrumentality wealth retired of their 401(K)s and usage that for downpayment.Bloomberg reported that respondents successful a World Economic Forum survey place 'geoeconomic confrontation' and 'state-based equipped conflict' arsenic the 2 biggest risks to the planetary backdrop successful 2026.As per Axios, the US officials program to absorption connected economical growth, location ownership and bid done spot astatine WEF, Davos.Data roundup:China’s information released connected January 19 showed that China’s system grew 4.5% connected an annualized ground successful Q4 2025 vs 4.4% expected. China’s retail income deed a 3-year debased successful December, trailing the forecast. Similarly, China’s concern production, fixed plus concern (December) trailed their respective forecasts.Last week’s information showed that US CPI (December), contempt expectations of coming retired to beryllium blistery connected downward adjustments successful the November CPI data, was tame. CPI y-o-y was up 2.7% (forecast 2.7%, anterior 2.7%). The halfway CPI besides roseate 2.7% y-o-y (forecast 2.7%, anterior 2.7%). Retail income beforehand was up 0.6% m-o-m Vs the estimation of 0.5% and anterior speechmaking of -0.1%), portion retail income power radical up 0.4% (forecast 0.4%, anterior 0.6%).PPI last request information were hotter than expected though.Industrial accumulation data, released connected Friday, was up 0.4% m-o-m (forecast 0.1%) successful December.Upcoming data:Major US information connected the platform this week see 3Q GDP last speechmaking (January 22), existent idiosyncratic spending (January 22), PCE Price Index (January 22) and S&P Global US PMIs, University of Michigan user sentiment and ostentation expectations (January 23).Major Eurozone information to beryllium released this week see CPI (January 19), services and composite PMIs (January 23). The UK’s CPI (January 21), services and composite PMIs (January 23) volition besides beryllium monitored by investors.Gold Price Outlook:Fresh escalation successful geopolitical tensions implicit Greenland arsenic Trump threatens the EU nations with tariffs to execute his extremity is an unexpected improvement which is supporting golden prices.

Heightened worries and repercussions whitethorn besides impact planetary commercialized and economy. Otherwise, golden could person travel nether unit owed to diminishing anticipation of Hassett becoming the adjacent Fed Chair, a firmer US Dollar and thawing geopolitical tensions arsenic Iran onslaught had been averted.Still, US Supreme Court ruling implicit Trump’s tariffs whitethorn make immense short-term volatility arsenic his tariffs whitethorn beryllium lacking ineligible basis, though the Trump Administration could edifice to different clauses to support astir of the tariffs successful place.Trump extending the EU tariff deadline volition besides measurement connected the yellowish metal.Spot golden whitethorn trial absorption astir $4750 (MCX February declaration Rs 148,000) amid elevated US-EU tariff tensions.However, considering the risks involved, buyers are urged to workout caution and to enactment suitable stoploss. Support is astatine $4608 (Rs 143,500)/$4560 (Rs 142,000). Interim absorption is astatine $4707 (Rs 146,500). Silver outlook:Spot metallic surged implicit 12% successful the week ending January 16 arsenic it closed astatine $89.94 connected January 16.Shanghai Gold Exchange Silver terms (T+D) astatine 23271 CNY/Kg is equivalent to astir $104/Oz.US imposing tariffs connected EU means that the expected travel of metallic inventories from COMEX warehouses to LBMA warehouses volition beryllium disrupted, which volition tighten the spot market.Spot silver, presently astatine $94.42 (MCX March declaration Rs 309,660), up astir 5% for the day, is expected to commercialized with a affirmative bias that volition fortify should the metallic closes supra $94 people for 2 consecutive days.

It whitethorn emergence to trial the absorption portion of $98-$100 (MCX March declaration Rs 321,000-Rs 328,000). However, arsenic mentioned earlier successful the golden section, utmost caution is needed with a suitable stoploss successful place.

Support is astatine $90 (Rs 295,000)/$86 (Rs 282,000).(Disclaimer: Recommendations and views connected the banal market, different plus classes oregon idiosyncratic concern absorption tips fixed by experts are their own. These opinions bash not correspond the views of The Times of India)