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Below the Quote on Gold Commentary: 16 July 2025 by Mr. Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd

Silver prices witnessed profit booking from the all-time high on domestic front while Gold traded steady as focus turns to US tariff negotiations. President Trump over the weekend threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1. However, US President immediately mentioned stated that he was open to further negotiations. U.S. consumer prices increased in June by the most in five months amid higher costs for some goods, suggesting tariffs were starting to have an impact on inflation and potentially keeping the Federal Reserve on the sidelines until September. Following the data, Trump said that consumer prices were low and the U.S. Fed should bring down interest rates now. U.S. central bank will probably need to leave interest rates where they are for a while longer to ensure inflation stays low in the face of upward pressure from the Trump administration's tariffs, Dallas Fed Bank President Logan said. Focus for the week shifts to US PPI, Retail sales and Industrial production.

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