Gold prices saw an increase today, driven by global factors. Gold’s August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,471 per 10 grams on Tuesday, July 1, 2025.
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Federal Reserve is expected to leave the policy rate unchanged for the fourth consecutive meeting
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the June policy meeting on Wednesday.
рдордзреНрдп рдкреВрд░реНрд╡ рдореЗрдВ рдЧрд╣рд░рд╛рддреЗ рддрдирд╛рд╡ рдХреЗ рдХрд╛рд░рдг рд╕реЛрдиреЗ рдХреА рдХреАрдордд рдореЗрдВ рдФрд░ рддреЗрдЬреА рдЖрдИред
рдмрдврд╝рддреЗ рдордзреНрдп рдкреВрд░реНрд╡ рд╕рдВрдХрдЯ рдХреЗ рдмреАрдЪ рд╕реЛрдиреЗ рдХреА рдХреАрдордд (Gold Price) рдореЗрдВ рд╡реГрджреНрдзрд┐ рдЬрд╛рд░реА рд╣реИ рдХреНрдпреЛрдВрдХрд┐ рдЕрдореЗрд░рд┐рдХреА рд░рд╛рд╖реНрдЯреНрд░рдкрддрд┐ рдЬреЛ рдмрд┐рдбреЗрди рдиреЗ рд╕реАрд░рд┐рдпрд╛рдИ рд╕реАрдорд╛ рдХреЗ рдкрд╛рд╕ рдЙрддреНрддрд░рдкреВрд░реНрд╡реА рдЬреЙрд░реНрдбрди рдХреЗ рдкрд╛рд╕ рдЕрдореЗрд░рд┐рдХреА рд╕реЗрд╡рд╛ рдХрд░реНрдорд┐рдпреЛрдВ рдкрд░ рдорд╛рдирд╡ рд░рд╣рд┐рдд рд╣рд╡рд╛рдИ рдбреНрд░реЛрди рд╣рдорд▓реЛрдВ рдХреЗ рд▓рд┐рдП рдЬрд╡рд╛рдмреА рдХрд╛рд░реНрд░рд╡рд╛рдИ рдХрд░рдиреЗ рдХрд╛ рд╡рд╛рджрд╛ рдХрд┐рдпрд╛ рд╣реИред рдлрд┐рд░ рднреА, рдХреАрдорддреА рдзрд╛рддреБ рдореЗрдВ рдЧрд┐рд░рд╛рд╡рдЯ рдЖ рд╕рдХрддреА рд╣реИ рдХреНрдпреЛрдВрдХрд┐ рдирд┐рд╡реЗрд╢рдХ рдлреЗрдбрд░рд▓ рд░рд┐рдЬрд░реНрд╡ (Fed) рджреНрд╡рд╛рд░рд╛ рдмреНрдпрд╛рдЬ рджрд░ рдХреЗ рдлреИрд╕рд▓реЗ рдХрд╛ рдЗрдВрддрдЬрд╛рд░ рдХрд░ рд░рд╣реЗ рд╣реИрдВ, рдЬрд┐рд╕рдХреА рдШреЛрд╖рдгрд╛ рдмреБрдзрд╡рд╛рд░ рдХреЛ рдХреА рдЬрд╛рдПрдЧреАред
Spot Gold Forecast: Bullion Looks to extend correction
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg "Spot Gold Forecast: Bullion Looks to extend correction 4")
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the worldтАЩs second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
Gold Could Post Additional Losses With a Daily Close Below $1,840
The XAU/USD (Gold) pair started the new year on a firm footing and rose more than 2% on the first trading day of 2021. The pairpreserved its bullishmomentum during the first half of the week and touched its highest level in nearly two months at $1,959 on Wednesday.