Gold Price Today News: Central banks are ramping up their gold holdings amid global uncertainty. According to the Official Monetary and Financial Institutions Forum (OMFIF), a net 32% of central bank reserve managers plan to boost gold allocations over the next 12–24 months — the highest level in five years of the Global Public Investor (GPI) survey. Notably, 37% of emerging market central banks plan to raise gold reserves, compared to 18% from advanced economies, underscoring a shift in reserve management strategies across developing nations.
Long-Term Gold Outlook Remains Strong
OMFIF’s data shows even greater enthusiasm for gold over a longer horizon. A net 40% of central banks globally plan to increase gold holdings over the next decade, indicating expectations of prolonged volatility and structural shifts in the global economy. While some interest in corporate bonds and equities is rising, OMFIF notes these reallocations are likely to unfold gradually over the coming decade.
Euro and Yuan Gain Favor as Dollar Dips
The euro and Chinese yuan are set to benefit most from a shift away from the U.S. dollar. A net 16% of central banks intend to increase their euro holdings in the next 12 to 24 months, more than doubling last year’s 7%, while the yuan follows as the next preferred currency. OMFIF finds growing sentiment in favor of broader currency diversification as confidence in the dollar wanes.
Central Banks Bullish on Gold Price Outlook
“Following a 40% surge in the gold price in the 12 months to June 2025, most central banks remain relatively bullish on its outlook in the near term,” OMFIF states. Almost 90% of respondents expect prices to remain above $3,000 per ounce, with 25% forecasting a new high of over $3,500. A European central bank reserve manager noted, “Prices may trend higher in the next 12 months due to structural and macroeconomic factors, though short-term volatility remains a possibility.”
GPI 2025 Reflects Shifting Economic Priorities
The GPI 2025 report, compiled from 90 official institutions, including 75 central banks and 15 sovereign or public pension funds managing over $7 trillion, paints a picture of growing caution and strategic repositioning. OMFIF concludes that diversification is not just a trend but a reflection of a new financial era, with gold and the euro emerging as key tools for central banks navigating a volatile global order.
Market Backdrop: Dollar Weakness, Global Instability
The U.S. Dollar Index has declined nearly 10% year-to-date, hitting a three-year low. UBS recently called the greenback “unattractive,” citing rising fiscal deficits and slowing U.S. growth. Exporters across Latin America and Asia are increasingly billing in euros, pesos, and renminbi to hedge against U.S. currency risk, Bloomberg reports.
Geopolitical Tensions Influence Reserve Decisions
A recent U.S. intelligence report revealed that airstrikes failed to destroy Iran’s nuclear infrastructure. Both Iran and Israel have paused direct confrontation following President Trump’s criticism over their ceasefire violations. Meanwhile, Trump’s green light to China to continue purchasing Iranian oil has surprised markets and raised questions about the future of U.S. sanctions policy.
NATO and BRICS Set for Crucial Summits
As NATO leaders meet in The Hague, Trump’s demand for increased defense spending is set to be addressed with a proposed 5% of GDP target. Meanwhile, President Xi Jinping will skip the BRICS summit in Rio de Janeiro, marking his first absence from the event since taking office. China’s Premier Li Qiang will attend in his place, citing a scheduling conflict. BRICS Summit is on 6 and 7 July 2025.
Manoj Kumar Jain, Director, Prithvi Finmart
“U.S. Fed Chair’s latest testimony aligned with market expectations and failed to lend support to precious metals,” said Manoj Kumar Jain. However, he noted that continued weakness in the dollar index and intensifying Russia-Ukraine tensions could provide underlying support to gold and silver.
“We expect gold and silver to remain volatile this week, driven by fluctuations in the dollar index, geopolitical uncertainty, and Fed-related commentary. That said, gold is likely to hold its support at $3,240 per troy ounce and silver at $34.00 on a weekly closing basis,” he added.
Key Levels:
- Gold: Support at $3,309–$3,284 | Resistance at $3,366–$3,388
- Silver: Support at $35.45–$35.20 | Resistance at $36.00–$36.30
- MCX Gold: Support at ₹96,400–₹96,100 | Resistance at ₹97,500–₹97,850
- MCX Silver: Support at ₹1,04,200–₹1,03,650 | Resistance at ₹1,05,700–₹1,06,400
Kedia Commodity View
Kedia Commodity analysts see gold’s key support at ₹96,025, with further downside risk toward ₹95,030. Resistance is pegged at ₹98,410, and a break above this could trigger a move toward ₹99,800.
For silver, immediate support lies at ₹1,03,570, with a downside test likely at ₹1,02,215. On the upside, resistance is placed at ₹1,06,390, and a breakout may open room to test ₹1,07,855.
Motilal Oswal Group Gold Predictions
Currency Update as on Wednesday, 25 June 2025 Kedia Commodity
USDINR trading range for the day is 85.54-86.86.
EURINR trading range for the day is 99.45-100.43.
GBPINR trading range for the day is 116.44-117.68.
JPYINR trading range for the day is 58.98-60.08.
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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.
