Perspective on Gold by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global
Below the Perspective on Gold by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global
“As U.S. President Donald Trump’s trade policies stir turmoil in global markets, gold remains a pillar of strength. The precious metal has surged to record highs, crossing $3,150 per ounce, as economic concerns mount. Rising trade tensions, triggered by Trump’s aggressive tariff stance, have heightened financial instability, pushing investors toward gold as a shield against uncertainty. With fears of a looming recession and growing expectations of Federal Reserve rate cuts, demand for gold continues to climb. Additionally, central banks worldwide are steadily increasing their gold reserves, signaling a shift away from reliance on the U.S. dollar. This growing preference for gold reflects deepening concerns over geopolitical tensions and economic volatility. A weaker dollar, turbulent stock markets, and rising stagflation risks are likely to sustain gold’s strength. Key support stands at $3,095, with resistance at $3,185. On the MCX, gold finds support at Rs 90,000, with a potential dip toward Rs 88,000 if breached. Resistance is placed at Rs 91,800–92,000. In the short term, some profit-taking may emerge, but the broader outlook remains bullish, driven by persistent market uncertainty”
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