No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

For gold bulls, sky is the limit, but a hurdle lurks and could trigger profit booking. Here’s why

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 2 mins read
A A
For gold bulls, sky is the limit, but a hurdle lurks and could trigger profit booking. Here’s why
Share on FacebookShare on TwitterShare on LInkedIn


Gold prices fell by Rs 400 per 10 grams on Thursday as investors chose to book some gains following a stellar rally which saw yellow metal rates hit a fresh lifetime high of Rs 95,935 on the MCX in the preceding session. Given the current uncertainties, the outlook remains bullish for gold bulls with only the sky as the limit, say experts. However, they warn of strong hurdles that can impact the rally.

Commenting on gold’s current form, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services, said that it seems like the sky’s the limit for gold bulls this year. Given the broader fundamentals, we continue to maintain a buy on dips scenario for bullion from a medium to long-term perspective,” he said.

Based on technical charts, Modi finds resistance around Rs 99,000, warning of profit booking. It could also be because of fundamental triggers like an agreement on tariffs with the US, he added.

Gold prices have climbed 25% or nearly Rs 18,000 per 10 grams so far in 2025.

On Thursday, yellow metal prices fell by Rs 422 amid profit booking to settle at Rs 95,239.

Live Events

“Gold prices showed signs of fatigue, slipping below recent highs as Comex traded near $3,324 and MCX Gold near 95250 with losses of Rs 400, struggling to break past the key resistance at $3,350. On the downside, strong support lies between $3,280–$3,290, making this zone critical for maintaining bullish momentum. President Donald Trump opening another front with Federal Reserve Chair Jerome could add to the uncertainty.”The Federal Reserve’s cautious stance and President Trump’s insistence on lower rates add another layer of uncertainty, ensuring that gold remains a favoured hedge in these turbulent times,” Modi said.

The domestic gold prices will track prices on the COMEX and follow international prices. On Thursday, COMEX futures settled at %3,341.30 per troy ounce, falling by $5.10 or 0.15%.

Trivedi said that a decisive break below $3,290 could trigger further downside in COMEX, opening the door for a corrective move towards $3,150 in the near term.Should you buy gold/silver?Anuj Gupta, Head Commodity & Currency at HDFC Securities has a buy view on gold. This is what he recommends:

Buy June gold futures at Rs 94,950 with a stop loss of Rs 94,600 and target of Rs 95,520.

Buy Silver May futures at Rs 94,800 with a stop loss of Rs 94,080 and target price of Rs 95,980.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



Source link

Tags: BookingBullsGoldHeresHurdlelimitLurksprofitSkyTrigger
ShareTweetShare
Previous Post

Prices to Weaken, Buyers Get Better Bargains

Next Post

Pakistan expels over 80,000 Afghans in push ahead of April 30 deadline, adviser says

Related Posts

edit post
Goldman aims for ‘PE returns’ with new ETF

Goldman aims for ‘PE returns’ with new ETF

by TheAdviserMagazine
October 23, 2025
0

Goldman Sachs Asset Management is teaming up with MSCI Inc. to launch an exchange-traded fund that aims to deliver returns...

edit post
Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

Tesla’s weak earnings show how the ‘Musk Magic’ Premium is inflating its share price

by TheAdviserMagazine
October 23, 2025
0

Over the past year, on the day after Tesla unveils its latest quarterly report, this writer has calculated a metric...

edit post
Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

by TheAdviserMagazine
October 23, 2025
0

The Federal Reserve faces an unprecedented challenge as it prepares to set interest rates next week—making its decision with almost no...

edit post
One Nation, One Workforce: Govt plans integrated system to ensure social-security portability for all workers

One Nation, One Workforce: Govt plans integrated system to ensure social-security portability for all workers

by TheAdviserMagazine
October 23, 2025
0

New Delhi: The ministry of labour and employment plans to build a unified One Nation Integrated Workforce Architecture that will...

edit post
NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

by TheAdviserMagazine
October 23, 2025
0

 Zohran Mamdani was attacked over his thin resume, Republican Curtis Sliwa strove to prove his seriousness as a candidate and...

edit post
Corporate debt surge: Commercial paper issuances hit highest since April

Corporate debt surge: Commercial paper issuances hit highest since April

by TheAdviserMagazine
October 23, 2025
0

Indian companies increased their reliance on the debt money market for their short-term working capital needs with the issuance value...

Next Post
edit post
Pakistan expels over 80,000 Afghans in push ahead of April 30 deadline, adviser says

Pakistan expels over 80,000 Afghans in push ahead of April 30 deadline, adviser says

edit post
LPL deals with Commonwealth, First Horizon top industry M&A

LPL deals with Commonwealth, First Horizon top industry M&A

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Goldman aims for ‘PE returns’ with new ETF

Goldman aims for ‘PE returns’ with new ETF

0
edit post
INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

0
edit post
Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

0
edit post
From Hedge to Test Case: Gold’s Volatility and the Limits of Safety

From Hedge to Test Case: Gold’s Volatility and the Limits of Safety

0
edit post
The Myth of Planned Obsolescence

The Myth of Planned Obsolescence

0
edit post
Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

0
edit post
Goldman aims for ‘PE returns’ with new ETF

Goldman aims for ‘PE returns’ with new ETF

October 23, 2025
edit post
How advisors are using AI without explicit SEC guidance

How advisors are using AI without explicit SEC guidance

October 23, 2025
edit post
Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

October 23, 2025
edit post
How Some Retirees Are Finding Happiness Again After Age 60

How Some Retirees Are Finding Happiness Again After Age 60

October 23, 2025
edit post
INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

October 23, 2025
edit post
Chicken Fried Rice ( Family Dinner Idea)

Chicken Fried Rice ($10 Family Dinner Idea)

October 23, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Goldman aims for ‘PE returns’ with new ETF
  • How advisors are using AI without explicit SEC guidance
  • Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.