Federal Reserve, US Fed, Gold Silver Price: The U.S. Federal Reserve kept interest rates unchanged in the 4.25%-4.5% range, maintaining a cautious stance amid ongoing inflation concerns. This marks the first policy decision of 2025 and follows three consecutive rate cuts since September 2024.
The post-meeting statement signaled optimism about the U.S. labor market but notably dropped the previous mention of inflation making progress toward the 2% target, suggesting the Fed remains cautious about future rate movements.
For Expert Views on Gold and Silver Prices Watch Our Youtube Channel- (12 Million Views)
Fed Chair Jerome Powell reiterated that he has not communicated with President Donald Trump, who has openly called for immediate rate cuts to support economic growth. However, the Fed remains independent in its decision-making, with markets now expecting rates to stay unchanged until at least June 2025.
Global Rate Moves: BoC Cuts, ECB Meeting Next
While the Fed held steady, the Bank of Canada (BoC) reduced its key interest rate by 25 basis points to 3.0%, becoming the first major central bank to cut rates in 2025. Investors are now looking ahead to the European Central Bank (ECB) meeting today at 6.45 PM India Time, where another rate cut is widely anticipated.
Gold & Silver Market Reaction
Gold and silver prices showed mixed trends after the Fed’s decision:
- Gold April futures settled at $2,793.50 per troy ounce, down 0.04%.
- Silver March futures rose 1.65% to $31.393 per troy ounce.
- On MCX (India), Gold April futures closed at ₹80,874 per 10 grams (-0.03%), while Silver March futures gained 0.90% to ₹91,866 per kg.
Gold prices dipped from session highs after the Fed’s cautious stance on inflation, while silver extended gains amid increased safe-haven buying.
Market Outlook: What’s Next for Gold & Silver?
Manoj Kumar Jain, Director at Prithvi Finmart, expects continued volatility in precious metals due to the dollar index fluctuations, global economic uncertainty, and central bank policy decisions.
- Gold key levels:
- Support: $2,774-$2,758 per troy ounce
- Resistance: $2,810-$2,828 per troy ounce
- Silver key levels:
- Support: $31.10-$30.84 per troy ounce
- Resistance: $31.64-$32.00 per troy ounce
MCX Gold & Silver Outlook
On the MCX (India), gold and silver are expected to remain volatile:
- Gold (April futures):
- Support: ₹80,600-₹80,325
- Resistance: ₹81,220-₹81,500
- Silver (March futures):
- Support: ₹91,100-₹90,450
- Resistance: ₹92,600-₹93,300
Jain suggests buying silver around ₹91,400 with a stop loss of ₹90,650 and a target of ₹93,000.
With the ECB’s policy decision due later today and Trump’s tariff plans adding to market uncertainty, gold and silver prices are likely to remain volatile in the coming sessions.
Key Events to Watch This Week
Thursday, January 30, 2025
03:30 PM (Euro Area): GDP Growth Rate QoQ Flash (Q4), Unemployment Rate (DEC)
06:45 PM (Euro Area): ECB Interest Rate Decision
07:15 PM (Euro Area): ECB Press Conference
Thursday, January 30, 2025
US
07:00 PM (US): GDP Growth Rate QoQ Adv (Q4),
07:00 PM (US): GDP Price Index QoQ Adv (Q4),
07:00 PM (US): Initial Jobless Claims (JAN/25),
07:00 PM (US): Core PCE Prices QoQ Adv (Q4),
07:00 PM (US): Jobless Claims 4-week Average (JAN/25)
Friday, January 31, 2025
07:00 PM (US): Core PCE Price Index MoM (DEC),
07:00 PM (US):Personal Income MoM (DEC),
07:00 PM (US):Personal Spending MoM (DEC), ‘
07:00 PM (US): PCE Price Index MoM (DEC)
Saturday, February 1, 2025
US: Trump Tariff Orders
11 AM India: Budget Announcement
India: MCX Open for Gold, Silver Trading
Gold Price Today Digital Media Network
Facebook group of 80,000 jewellers – Sunar Jewellers Ekta – https://www.facebook.com/groups/goldsilverpricenews
Website- https://goldpricetoday.co.in/
Facebook Page- https://www.facebook.com/Goldsilverpricetoday
Instagram- https://www.instagram.com/goldpricetodaynews/
X- https://twitter.com/today_gold
Telegram Group- https://telegram.me/goldsilverprice
Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here
