Overview

• Gold prices recently hit an all-time high of $3,500 per ounce before retreating to $3,323 after a 3% correction earlier this week.
• The short-term dip was triggered by a stronger US dollar and President Trump's softened stance on US–China trade tensions, which eased market uncertainties temporarily.
• In India, gold rates surpassed ₹1 lakh per 10 grams in some cities earlier this week, marking a significant milestone before stabilizing around ₹95,890 per 10 grams.
• Major financial institutions, including Goldman Sachs and JP Morgan, have raised year-end forecasts for gold, projecting prices between $3,700 and $4,500 by the end of 2025.
• Safe-haven demand remains robust as investors continue to shift away from dollar-backed assets, with ongoing trade and economic concerns supporting gold's long-term outlook.