{"id":4463,"date":"2025-06-18T15:57:03","date_gmt":"2025-06-18T10:27:03","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=4463"},"modified":"2025-06-18T15:57:04","modified_gmt":"2025-06-18T10:27:04","slug":"gold-prices-steady-ahead-of-fed-decision-as-geopolitical-tensions-and-weak-us-data-weigh","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/gold-prices-steady-ahead-of-fed-decision-as-geopolitical-tensions-and-weak-us-data-weigh\/","title":{"rendered":"Gold Prices Steady Ahead of Fed Decision as Geopolitical Tensions and Weak US Data Weigh"},"content":{"rendered":"\n<p id=\"0\">Gold prices remained largely unchanged on <strong>Wednesday, June 18<\/strong>, as investors adopted a cautious stance ahead of the <strong>US Federal Reserve\u2019s key policy announcement<\/strong>. A mix of <strong>geopolitical uncertainty<\/strong> and <strong>soft US economic indicators<\/strong> kept bullion prices in a narrow range globally, while domestic markets saw a mild correction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gold Holds Ground in Global Markets<\/strong><\/h3>\n\n\n\n<p>In the international market:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong> held steady at <strong>$3,388.04 an ounce (as of 03:41 GMT)<\/strong><\/li>\n\n\n\n<li><strong>US gold futures<\/strong> traded around <strong>$3,406.50 per ounce<\/strong><\/li>\n<\/ul>\n\n\n\n<p>The market\u2019s focus is squarely on the <strong>Fed\u2019s interest rate outlook<\/strong>. While a rate pause is widely expected, any dovish hints about <strong>future rate cuts in 2025<\/strong> could provide a strong tailwind for gold.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGold prices remain volatile as markets await clearer signals on what action the U.S. may take amid rising tensions between Iran and Israel,\u201d said <strong>Aksha Kamboj<\/strong>, Vice President, India Bullion and Jewellers Association.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Domestic Gold Prices Dip on Profit Booking<\/strong><\/h3>\n\n\n\n<p>In India, gold extended losses for the <strong>second straight day<\/strong> due to profit booking:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>22-carat gold<\/strong>: \u20b992,500 per 10 grams<\/li>\n\n\n\n<li><strong>24-carat gold<\/strong>: \u20b91,00,910 per 10 grams<br>(Source: Goodreturns)<\/li>\n<\/ul>\n\n\n\n<p>Despite the pullback, analysts say domestic prices are finding support due to a <strong>weaker rupee<\/strong>, which offsets some of the international softness.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cGold has near-term support at \u20b998,920\u2013\u20b998,590 and resistance around \u20b999,950\u2013\u20b91,00,000 per 10 grams,\u201d said <strong>Rahul Kalantri<\/strong>, VP Commodities, Mehta Equities.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fed Policy &amp; US Data: What to Watch<\/strong><\/h3>\n\n\n\n<p>Recent US economic indicators have sparked renewed speculation around <strong>monetary easing<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Retail sales<\/strong> fell more sharply than expected<\/li>\n\n\n\n<li><strong>Housing and industrial production<\/strong> also showed weakness<\/li>\n<\/ul>\n\n\n\n<p>These trends bolster the case for <strong>rate cuts later in 2025<\/strong>, which traditionally support gold by lowering the opportunity cost of holding the non-yielding asset.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTepid US data strengthens the case for rate cuts,\u201d noted analysts at <strong>ANZ<\/strong>, adding that <strong>Middle East risks<\/strong> are also keeping gold prices supported.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Middle East Tensions Add to Market Jitters<\/strong><\/h3>\n\n\n\n<p>Geopolitical risk remains a key driver of gold sentiment. <strong>Iran and Israel exchanged fresh missile attacks<\/strong> on Wednesday, now marking <strong>six consecutive days<\/strong> of open conflict. The U.S. is reportedly stepping up its military presence in the region, raising the threat of broader escalation.<\/p>\n\n\n\n<p>This has kept safe-haven demand for gold intact despite a lack of strong momentum in prices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Gold ETF Demand Shows Positive Signs<\/strong><\/h3>\n\n\n\n<p>The <strong>SPDR Gold Trust<\/strong>, the world\u2019s largest gold-backed ETF, saw a <strong>0.43% increase in holdings<\/strong> on Tuesday (June 17), suggesting continued <strong>institutional interest<\/strong>.<\/p>\n\n\n\n<p>Meanwhile, <strong>Goldman Sachs<\/strong> remains bullish on the long-term outlook for bullion:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>$3,700 per ounce by end-2025<\/strong><\/li>\n\n\n\n<li><strong>$4,000 by mid-2026<\/strong>, driven by central bank demand and ETF inflows<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h3>\n\n\n\n<p id=\"0\">With global uncertainty on the rise and expectations of a more dovish Fed policy later this year, gold is likely to remain in focus. While near-term volatility may persist, the broader outlook remains constructive\u2014particularly for long-term investors.<\/p>\n\n\n\n<p id=\"0\"><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices remained largely unchanged on Wednesday, June 18, as investors adopted a cautious stance ahead of the US Federal Reserve\u2019s key policy announcement. A mix of geopolitical uncertainty and soft US economic indicators kept bullion prices in a narrow range globally, while domestic markets saw a mild correction. Gold Holds Ground in Global Markets In the international market: The market\u2019s focus is squarely on the Fed\u2019s interest rate outlook. While a rate pause is &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/gold-prices-steady-ahead-of-fed-decision-as-geopolitical-tensions-and-weak-us-data-weigh\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold Prices Steady Ahead of Fed Decision as Geopolitical Tensions and Weak US Data Weigh&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":4464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-4463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=4463"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4463\/revisions"}],"predecessor-version":[{"id":4465,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/4463\/revisions\/4465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/4464"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=4463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=4463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=4463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}