CENTRAL BANKS GOLD DEMAND
US stock market futures climb as Dow, S&P 500, and Nasdaq rally ahead of Fed decision; Tesla, U.S. Steel surge while Sarepta crashes amid Israel-Iran tensions
US stock market futures show Wall Street futures bouncing back, with Dow futures up 175 points after Friday’s heavy losses due to rising tensions between Israel and Iran. The ongoing Middle East conflict has shaken investor confidence, driving safe-haven buying in gold and strengthening the U.S. dollar. Oil prices spiked early but didn’t hold above $75, despite Israeli attacks on Iranian energy assets. With the FOMC meeting and other global central bank decisions this week, markets remain on edge. This shortened trading week could stay volatile as traders watch every move in geopolitics and policy closely.
Ex-RBI deputy governor Kanungo may join IIFL board
Former RBI Deputy Governor BP Kanungo is set to join IIFL Finance as an independent director, succeeding AK Purwar. This appointment follows a period where the RBI had banned IIFL Finance from disbursing gold loans due to regulatory non-compliance, a ban that was later lifted. Kanungo's expertise is expected to bolster IIFL's risk management and governance.
Charting the global economy: Israeli airstrikes boost oil prices
Following Israeli airstrikes on Iranian nuclear facilities, crude oil prices surged, and investors sought refuge in gold. US economic data indicated a slower-than-expected rise in underlying inflation, potentially pressuring the Federal Reserve to consider lowering interest rates. Meanwhile, the UK economy contracted due to tax increases and US tariffs, while Chinese exports to the US experienced a significant decline.
Gold price above Rs 1 lakh. Will Quant MF prediction come true?
Gold prices in India have surged, crossing Rs 1 lakh per 10 grams. Experts predict a possible short-term correction. Quant Mutual Fund advises retaining precious metal exposure long-term. Renisha Chainani forecasts stabilization around Rs 97,000, with a potential dip to Rs 90,000. Manav Modi sees support at Rs 88,000-90,000, projecting Rs 1,00,000-Rs 1,06,000 in 12-15 months.
Gold Price Prediction: Gold hits record high of Rs 1,00,403/10g on Iran-Israel tensions; can the uptrend continue?
Gold prices surged on MCX, breaching ₹1 lakh per 10 grams amid Israel-Iran tensions and a weaker dollar. Silver also saw gains, while geopolitical uncertainty and potential oil supply disruptions fueled safe-haven demand. Analysts suggest a 'buy on dips' strategy, anticipating further price increases in the coming months, with key support levels to watch.
Explained: Why gold beat Euro to become the world's second-largest reserve asset
Gold has overtaken the euro as the second-largest global reserve asset, driven by record central bank buying amid geopolitical tensions. Despite recent price volatility, its role as a hedge against uncertainty and sanctions keeps demand elevated.
Longer-term, bullish on platinum and palladium; accumulate gold but momentum trade is in silver: Laurence Balanco
CLSA's Laurence Balanco favors silver in the near term, targeting $42, while gold consolidates before a potential surge to $4100. Autos are preferred over FMCG, with specific stock picks within the consumer space. For a two-year horizon, palladium offers significant upside. Balanco identifies financials, real estate, and infrastructure as top performers, while pharma, FMCG, and IT are expected to lag.
Why China’s going all in on gold and India isn’t, says financial adviser
China is reshaping global gold demand with a bold, state-led strategy to reduce reliance on the US dollar and prepare for prolonged economic turbulence. From directing insurance firms to buy physical gold to encouraging citizens to hold it, Beijing is shifting the financial landscape. Meanwhile, trade tensions and inflation worries are fuelling global gold prices, raising the prospect of gold breaching $3,400 per ounce. In contrast, India's gold policies remain cautious and restrictive.
Gold price prediction: Will gold hit $3,500 as China–U.S. trade tension, inflation fears, and central bank buying drive demand higher?
Gold prices rise amid growing uncertainty over the new China-U.S. trade agreement and anticipation of fresh U.S. inflation data. On Wednesday, spot gold climbed to $3,329.70/oz, supported by a weaker dollar and strong demand from China, which added to its gold reserves for the seventh month in a row. Investors are watching today’s CPI inflation release, with fears that sticky inflation and Trump’s tariffs may push prices even higher. Market experts warn that while a trade breakthrough could lower gold’s value, any delay or breakdown may fuel a rally toward $3,400.
$1 Trillion GDP Boost in Sight: Abhishek Banerjee on promising sectors, gold and market sentiment
Abhishek Banerjee of LotusDew Wealth analyzes global economic trends, highlighting the impact of interest rate cuts and trade uncertainties on Indian equities. He favors silver over gold, anticipates benefits for auto and consumer sectors, and remains optimistic about microcaps despite their inherent volatility. India's strong corporate reserves and potential for economic growth are also emphasized.
Dollar keeps losing market share but euro is no winner either: ECB study
The dollar continued to lose market share last year as the world's dominant currency but mostly smaller rivals and gold benefited rather than the euro, which aspires to fill any void left by receding confidence in the greenback, an ECB report showed.
Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows
Gold-based ETFs experienced inflows of Rs 292 crore in May, reversing two months of outflows, driven by resilient gold prices and global uncertainties. Investment demand surged by 170% year-on-year, fueled by strong ETF inflows, particularly in Europe, Asia, and India. Tata Gold ETF emerged as the top performer, offering a 2.53% return in May.
Commodity Talk: 2 reasons why July could be an inflection point for gold. Accumulate, says Augmont’s Renisha Chainani
Gold's near to medium-term outlook remains constructive, supported by sticky inflation and geopolitical tensions. July could be a critical point depending on the US Fed's rate cut cycle and Trump's tariff pause. Experts suggest accumulating gold on dips around Rs 90,000–Rs 94,000, with a potential target of Rs 1,05,000+ and silver looks more attractive.
India slashes interest rates, but who will borrow?
The Reserve Bank of India is aggressively easing monetary policy to boost consumption and investment amid global uncertainty. The RBI cut key rates and the cash reserve ratio, hoping banks will increase lending to SMEs, complementing a rural income boost from a strong monsoon. The success hinges on banks' willingness to lend and companies' appetite for debt in the current economic climate.
Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
In a now-viral tweet, Kiyosaki noted that the unrest extends beyond the United States, highlighting increasing turmoil in countries like Japan, China, and France. He suggested that the world may be heading into a phase of broad-based instability.
Sold on gold? Silver may steal the spotlight as charts turn bullish and dollar weakens
Silver is poised for a potential record-breaking surge, surpassing $36 per ounce for the first time in 13 years, driven by technical strength and a weakening dollar. Analysts anticipate silver outperforming gold, potentially reaching $50 by year-end. Favorable technical patterns and expectations of easing trade tensions further fuel the bullish outlook for the white metal.
Gold selloff on jobs euphoria is misguided? Peter Schiff says rebound coming
A sharp selloff in gold and a surge in equities following the May U.S. jobs report is a knee-jerk reaction that overlooks deeper economic vulnerabilities, says economist Peter Schiff. Calling the market response “misguided,” Schiff argues that gold’s rebound is likely as headline optimism fades and investors refocus on underlying labour market fragility and long-term inflation risks.
Cos hail RBI move to exempt small-ticket gold loans from stringent appraisal requirements
The Reserve Bank of India's decision to ease appraisal norms for small gold loans is set to improve credit access, according to gold loan companies. A repo rate cut of 50 bps to 5.50% and a CRR reduction are expected to boost liquidity and lower credit costs.
Indian dealers offer steeper discounts as price rally dulls demand
Gold discounts in India have surged to a one-month high due to near-record domestic prices dampening demand. Dealers are offering discounts up to $56 an ounce. High prices and the monsoon season have led jewelers to avoid building inventory. Meanwhile, China sees lower trading volumes due to elevated prices, while other Asian hubs experience varied premiums and profit-taking.
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