With the August 1 deadline coming closer, uncertainty around trade talks is likely to support gold’s safe-haven demand. Meanwhile, domestic festive demand from August to October is expected to further aid prices, Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services, said.
According to NS Ramaswamy, Head of Commodity & CRM at Ventura, “If the proper catalysts, such as weaker US dollar, geopolitical risks, robust investor demand, continued central bank purchases materialise, gold could gain another 4-8 per cent in the second half after a strong 26 per cent rise in the first half of 2025”.
China’s imports of gold extended declines for a second successive month in June, customs data showed on Sunday. The world’s leading gold consumer brought in 63 metric tons of the precious metal last month, the lowest amount since January, data from the General Administration of Customs showed. The June volume was down 36.3 per cent from May when it slid by 21.3 per cent from an 11-month high of 125 metric tons in April. China’s imports of platinum in June fell 6.1 per cent from the prior month, Reuters reported.
FAQs
Q1. How does Gold perform?
A1. Gold thrives during economic uncertainty, and lower interest rates boost investor demand as it is a non-yielding asset.Q2. Is Donald Trump planning to fire Fed Chair Jerome Powell?
A2. Earlier this week, U.S. President Donald Trump said he was not planning to fire Fed Chair Jerome Powell but left the option open and again criticized him for not cutting interest rates.
