4 months ago
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ARTICLE AD BOX
Markets present await cardinal triggers including US lodging numbers, GDP, PCE terms index. (AI image)
Gold terms prediction today: Gold prices could caput to Rs 138,000 - Rs 140,000 with the close cues, says Manav Modi, Senior Analyst, Commodity Research astatine Motilal Oswal Financial Services Ltd. He shares his views and recommendations for golden investors and cardinal levels to ticker retired for successful the adjacent term:Gold and metallic rebounded past week aft crisp nett booking toward the extremity of the week earlier that, with metallic breaking the intelligence ₹2 lakh people connected the home beforehand continuously marking all-time high, portion golden besides deed grounds highs hovering ~$4400 connected Comex.
Silver has surged implicit 120% YTD successful 2025 and golden implicit 65%, making some among the best-performing assets of the year. Softer US Treasury yields and a weaker dollar index, lingering astir 98, with volatility successful USDINR supported prices continued to enactment home prices.
Last week, amidst RBI Intervention USDINR fell by astir Rs 2. The Federal Reserve’s 25 bps complaint chopped successful December meeting, delivered amid a divided vote, reinforced expectations of argumentation uncertainty, with officials offering mixed views connected the aboriginal complaint path.
Recent US information showed rising unemployment, weaker-than-expected payroll additions for October and November, and mixed retail sales, keeping unit connected yields and the dollar.Silver backwardation widened again, signalling proviso tightness and beardown speculative interest, portion golden faced mild request headwinds successful India owed to grounds prices contempt the wedding season. Globally, safe-haven request remained intact amid geopolitical risks and argumentation uncertainty.
Markets present await cardinal triggers including US lodging numbers, GDP, PCE terms index, user confidence, durable goods orders data. We are heading towards vacation shortened days arsenic good amidst the Christmas vacation truthful volatility could besides get thin. Stance: Buy connected DipsWith enactment of Rs. 132,000 prices could people towards 138,000-140,000. If prices interruption beneath 132,000 support, we could spot prices falling towards 130,000 arsenic well.(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)
