Gold Price Outlook for July 2025: Key Trends and Predictions
Understanding Recent Trends in Gold Prices
Gold prices have been up and down recently. This is due to many factors. These include uncertainties around US tariff policies and upcoming trade deals. Manav Modi, a Senior Analyst at Motilal Oswal Financial Services, shares his insights on what to expect. He also advises on how investors should approach gold.
Recent Changes in Gold Prices
In the past week, gold prices have seen big changes. They eventually settled near a six-week low. This drop happened because global tensions eased. Investors’ feelings about the market also changed.
How Global Events Affect Gold Prices
The trade tensions between the US and China have softened. This has played a big role in gold prices. Agreements on rare earth shipments have reduced the demand for gold as a safe place to invest. Also, a temporary ceasefire between Iran and Israel, along with tariff breaks by President Trump, has lowered global risks.
Economic Signs and Their Impact
Even though the US dollar is at its lowest in over three years, gold prices have been affected by strong US job data. Mixed signals from the job market have also made people doubt if the Federal Reserve will cut rates soon. President Trump wants lower rates, but Fed Chair Powell is being careful.
Political Changes and Gold
Recent political events have made things more complex. Senate Republicans passed Trump’s tax-and-spending bill. Trade talks have also sped up. The US is close to finalizing several trade deals. Higher tariff rates will start on August 1.
Ceasefire Talks and Their Role
The first round of indirect Hamas-Israel ceasefire talks in Qatar ended without a clear agreement. This adds more uncertainty to the market. The USDINR exchange rate, which is just below 86, has also affected gold prices in India.
What the Market is Watching
With the FOMC minutes and tariff deadlines coming up, everyone is focused on Fed policy hints and global trade changes. Investors are watching these closely to make smart choices.
Current Gold Price Range
- Gold Outlook: Steady to lower
- Gold Price Range: Rs 96,000 – 98,000
- If prices drop below Rs 96,000, they could go to Rs 94,000
Disclaimer: The stock market and other asset class recommendations and views given by experts are their own. These opinions do not represent the views of The Times of India.
