Quote on Gold Commentary: 14 July 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd
Below the Quote on Gold Commentary: 14 July 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd
Silver outshined most commodities last week with marking an all-time high mark on domestic front and hovering around $40 on COMEX. Gold prices also touched a three-week high, supported by safe-haven demand after U.S. President Donald Trump threatened to impose a 30% tariff on imports from the European Union (EU) and Mexico starting on August 1. Both the EU and Mexico described the tariffs unfair and disruptive, while the E.U. said it would extend its suspension of countermeasures to U.S. tariffs until early August and continue to press for a negotiated settlement. Chicago Fed Bank President Austan Goolsbee said the new tariffs unveiled by Trump could spark fresh concerns about inflation, which might force the Fed to maintain its wait-and-see posture. SPDR holdings fell 0.12% to 947.64 metric tons on Friday from 948.80 tons. Meanwhile, gold speculators cut net long positions by 1,855 contracts to 134,842 in the week to July 8. Investors now await the U.S. inflation data for June due tomorrow for more cues on the Federal Reserve's interest rate path. Markets are currently pricing in just over 50 bps worth of Fed easing by December.
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