Gold (XAU/USD) is steady in early Asian trade, underpinned by ongoing geopolitical tensions which typically enhance the safe-haven appeal of the precious metal (Gold Silver).
Central banks intend to continue buying gold reserves
Central banks have gobbled up over 1,000 tonnes of gold for three straight years, and most central bankers think the buying trend will continue.
Gold outlook: Israel-Iran continue to exchange blows
Gold prices have trended downward since the start of the week, currently hovering around $3,385 per troy ounce. This report aims to explore the fundamental factors influencing the precious metal’s price movements and conclude with a technical analysis of gold’s daily chart.
Citi Forecasts Downturn in Gold Futures
According to Citi Research, gold prices might have peaked, with a projected decline in the third quarter of 2025. The firm anticipates gold will likely stabilize between $3,100 and $3,500 per troy ounce in Q3, followed by a further drop through the end of 2025 into 2026.
Gold, Silver Rates Today: Slow start for gold, silver on MCX | Check city-wise rates on June 17, 2025
Gold, Silver Rates Today (Tuesday): In the international market, the COMEX gold price was trading at around $3,411 per troy ounce. The spot gold price at 01:15 pm was around $3,392.56 per ounce.