Gold price prediction today: Gold prices are expected to maintain their bullish streak in the coming days with any dips offering an opportunity to buy, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd. Here is his outlook for gold prices in the coming days:Gold prices are extending their impressive rally, briefly breaching the $3,900 mark for the first time, supported by robust safe-haven demand amid intensifying geopolitical and economic uncertainty. Silver followed closely, trading just shy of its all-time high on COMEX.Despite a slight uptick in the dollar index near 98, precious metals remained resilient, as markets fixated on the deepening US government shutdown, weaker labor data, and a rising probability of Federal Reserve rate cuts—now priced in at over 50% for both October and December. Physical demand was mixed; while China showed signs of softness, other Asian markets saw steady buying.Investor appetite remained strong, reflected in rising SPDR holdings, even as some profit-taking occurred. Political instability in Japan, where the yen plunged following the election of fiscal dove Sanae Takaichi, added to global risk sentiment. With the US shutdown now in its sixth day and key data releases at risk of delay, focus turns to next week’s FOMC minutes, Fed Chair Powell’s speech, and China’s post-holiday market movements.US shutdown is creating an unrest supporting safe haven buying. President Trump will have to convince and push through in parliament before major spill over effect on economy. Fed officials mixed comments regarding interest rates and rising rate cut expectations kept market on edge.Also, in the FOMC meeting minutes of September meeting where first rate cut was announced after eight months and dot plot was released will be interesting to see.Stance: PositiveGold Trading Strategy:Buy on Dips. Range: Rs 1,18000 – Rs 1,22,000(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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