Gold Price Today News: Gold prices moved higher on Tuesday, while silver retreated despite nearly touching a 14-year high earlier in the session. The metals showed significant volatility, with early gains reversing due to a rebound in the U.S. dollar index and profit booking ahead of key economic data releases. Trade tariff tensions and safe-haven demand continue to underpin gold’s support. Today Evening US inflation data will be in focus.
China GDP Beats Estimates, But Consumer Demand Slows
Chinaโs economy expanded 5.2% year-on-year in the second quarter, slightly exceeding the 5.1% forecast and crossing Beijingโs 5% annual target. However, the growth slowed from Q1’s 5.4%, and retail sales in June grew just 4.8%โdown from 6.4% in Mayโhighlighting weakening domestic demand. Catering sales rose only 0.9%, the weakest since December 2022.
Industrial Output Shines as Politburo Meeting Looms
Despite sluggish consumer spending, industrial output remained strong, rising 6.8% in Juneโwell above expectations. Investors now look to the late-July Politburo meeting for clues on future stimulus measures and direction for Chinaโs second-half economic policy.
Trump Threatens 100% Tariffs, Sends Missiles to Ukraine
U.S. President Donald Trump announced the deployment of more U.S. weapons to Ukraine, including Patriot missile systems funded by NATO allies. He also threatened 100% โsecondary tariffsโ if Russia fails to agree to a ceasefire within 50 days, signaling a major policy shift aimed at pressuring President Putin.
Trump Renews Fed Criticism, Calls for Steep Rate Cuts
Trump escalated criticism of Fed Chair Jerome Powell, insisting interest rates should be cut to 1% or lower. While markets are pricing in rate cuts later this year, Fed officials remain cautious. Cleveland Fed President Beth Hammack said rate reductions arenโt imminent, citing still-high inflation.
Tariffs on Mexico, EU Fuel Market Volatility
Trump also threatened 30% tariffs on imports from Mexico and the European Union starting August 1, following failed trade negotiations. These escalating trade tensions have injected further volatility into financial markets and impacted investor sentiment across asset classes.
Manoj Kumar Jain Bullion Markets Await U.S. Inflation Data
With the U.S. inflation report due later today, gold and silver markets are expected to remain choppy. Analysts recommend caution until a clearer direction emerges. Gold has support at $3,280 per troy ounce, and silver at $36.40, with key resistance levels capping further gains for now.
Manoj Kumar Jain Technical Outlook: Gold and Silver Levels to Watch
Gold faces support at $3344โ3327 and resistance at $3374โ3389, while silver sees support at $38.00โ38.40 and resistance between $39.10โ39.50 per troy ounce. On MCX, gold is supported at โน97,440โ97,000, with resistance at โน98,000โ98,360. Silver support lies at โน1,12,000โ1,10,800, and resistance at โน1,14,000โ1,15,200.
Kedia Commodity View: Breakout Levels in Focus
Kedia Commodity notes immediate support for gold at โน97,430, with resistance at โน98,290โpotentially extending to โน98,800. For silver, resistance is pegged at โน1,14,505, above which it may rally to โน1,16,075.
SMC Global: Bearish Bias for Silver, Range-Bound Gold
According to SMC Global, gold may trade between โน97,100โ97,500, while silver is expected to move within โน1,12,500โ1,13,300, with a bearish outlook. Market participants are awaiting U.S. inflation data for fresh clues on the Fed’s next steps, which could significantly sway bullion prices.
Motilal Oswal Group Gold Silver Predictions
Big Events of The Week
Tuesday, July 15, 2025
๐จ๐ณ China
โข 07:30 AM โ GDP Growth Rate YoY (Q2)
โข 07:30 AM โ Industrial Production YoY (June)
โข 07:30 AM โ Unemployment Rate (June)
๐ช๐บ Euro Area
โข 02:30 PM โ Industrial Production MoM (May)
๐บ๐ธ United States
โข 06:00 PM โ Core Inflation Rate MoM (June)
โข 06:00 PM โ Core Inflation Rate YoY
โข 06:00 PM โ Inflation Rate MoM (June)
โข 06:45 PM โ Fed Governor Michelle Bowman speech
Wednesday, July 16, 2025
๐บ๐ธ United States
โข 12:15 AM โ Fed President Susan Collins speech
โข 05:15 AM โ Fed President Lorie Logan speech
โข 06:00 PM โ Producer Price Index (PPI) MoM (June)
โข 06:45 PM โ Industrial Production MoM (June)
๐ฌ๐ง United Kingdom
โข 11:30 AM โ Inflation Rate YoY (June)
Thursday, July 17, 2025
๐บ๐ธ United States
โข 04:00 AM โ Fed President John Williams speech
โข 06:00 PM โ Retail Sales MoM (June)
โข 06:00 PM โ Initial Jobless Claims (Weekly)
๐ช๐บ Euro Area
โข 02:30 PM โ Final Inflation Rate MoM (June)
Friday, July 18, 2025
๐ฏ๐ต Japan
โข 05:00 AM โ Inflation Rate YoY (June)
๐บ๐ธ United States
โข 07:30 PM โ University of Michigan Consumer Sentiment (Preliminary, July)
Sunday, July 20, 2025
๐จ๐ณ China
โข 06:45 AM โ Loan Prime Rate โ 1 Year
โข 06:45 AM โ Loan Prime Rate โ 5 Year
๐ Other Key Developments to Watch
- ๐บ๐ธ Trumpโs Statements on tariffs, foreign policy, and trade talks
- ๐ท๐บ๐บ๐ฆ RussiaโUkraine war updates
- ๐ฎ๐ฑ๐ต๐ธ IsraelโGaza ceasefire developments
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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.
