Browsing: Augmont Bullion Daily Report

Gold continues its upward streak, surpassing $3025 (~Rs 88,500) as inflation fears and geopolitical tensions escalate, driven by Trump’s tariffs and Middle East conflicts. Central banks’ gold accumulation and strong post-pandemic demand are boosting prices. Experts predict gold may reach $3080 (~Rs 90,000) in the coming weeks, while silver eyes the $35 (~Rs 103,000) resistance level

Gold prices are consolidating between $2885 and $2935 amid trade tensions and a weakening US dollar. Market uncertainty has risen following President Trump’s remarks on a possible recession and new tariffs from China. Augmont Gold reports that a breakout above $2935 could push prices toward $2975, while silver gains strength above $33. Investors are closely monitoring upcoming US inflation data for further market direction.

Global markets are on edge as the US enforces new tariffs on Canada, Mexico, and China, triggering retaliatory measures and fueling inflation concerns. Investors are flocking to safe-haven assets, pushing gold prices up by nearly 10% this year. Augmont reports that gold remains in a bullish trend above $2900 (~Rs 85,400), while silver trades between $31.5 and $34 (~Rs 93,000 – Rs 97,000). Rising inflation and declining confidence increase recession risks for the US economy, with key support and resistance levels guiding market movements.