International News
Gold price struggles to capitalize on intraday gains amid receding Fed rate cut bets
Concerns about Trump’s trade tariff and a modest USD weakness underpin the XAU/USD pair.
Gold price (XAU/USD) builds on the previous day’s bounce from the $2,864 region touched in reaction to hotter US consumer inflation figures and gains some follow-through positive traction for the second straight day on Thursday. A fresh leg down in the US Treasury bond yields exerts downward pressure on the US Dollar (USD), which, in turn, is seen benefiting the USD-denominated commodity. Apart from this, worries about US President Donald Trump’s tariffs and a global trade war underpin the safe-haven bullion.
Meanwhile, the hotter US consumer inflation figures released on Wednesday reaffirmed market expectations that the Federal Reserve (Fed) will stick to its hawkish stance and hold interest rates steady for an extended period. This could act as a tailwind for the US bond yields and the Greenback, which, in turn, acts as a headwind for the non-yielding Gold price amid still-overbought conditions on the daily chart. Traders now look forward to the release of the US Producer Price Index (PPI) for some meaningful impetus.
International News
Precious Metals Rebound As Fed Rate Fears Ease
Recent Volatility In Technology Stocks Pushed Investors To Seek Shelter In Traditional Safe-Haven Assets
Gold and silver surged on Saturday, June 27, building on recent gains after cooler US inflation data alleviated worries about potential Federal Reserve interest rate hikes. This rebound follows a sharp downturn last week, which had dragged bullion down to its lowest levels since November 2025.
Spot Gold: Advanced 1.6% to settle at $4,089.80 per ounce in New York. Spot Silver: Climbed 2.2% to reach $59.15 per ounce. Other Metals: Platinum and palladium also posted gains.
Beyond the macroeconomic data, broader market anxiety fueled the rally. Recent volatility in technology stocks—largely driven by shifting sentiment around Artificial Intelligence (AI)—pushed investors to seek shelter in traditional safe-haven assets. Despite a 1.7% intraday surge on Friday, gold remains on track for its fourth consecutive weekly decline, marking its longest weekly losing streak since August 2023.
Meanwhile, Indian domestic retail prices held steady on Saturday, maintaining their elevated positions. In Mumbai, prices closely mirrored national trends: 24K Gold: Rs. 1,44,300 per 10 grams.999 Fine Silver: Rs. 2,22,850 per kilogram
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