Gold Price Today News: In back-to-back announcements, the U.S. Federal Reserve and the Bank of England opted to maintain their benchmark interest rates, reinforcing a hawkish stance that weighed heavily on precious metals. Gold and silver prices slipped on Thursday following the decisions, as traders recalibrated expectations for rate cuts amid rising geopolitical tensions.
The Bank of England held its key interest rate steady at 4.25% in its June policy meeting, with six of the nine Monetary Policy Committee members voting in favour of the pause. The remaining three backed a 25-basis-point cut, reflecting a growing split in opinion. Economists widely anticipate that the BoE may deliver a rate cut as early as August.
This follows the Federal Reserve’s move to keep its interest rate range unchanged at 4.25%–4.50%, signalling fewer rate cuts through 2025–2027 than previously projected. Fed officials cited persistent inflation, slowing economic growth, and labor market pressure—aggravated by President Donald Trump’s protectionist tariff measures and global uncertainty—as key reasons for their cautious approach.
Amid these developments, escalating tensions in the Middle East have further clouded the outlook. As Israel reportedly targeted Iranian nuclear facilities and Iran retaliated with a strike on a hospital, U.S. officials are bracing for a possible broader confrontation. These geopolitical risks are adding to volatility across markets.
“Gold and silver prices are expected to remain volatile this week amid fluctuations in the dollar index and geopolitical tensions,” said Manoj Kumar Jain of Prithvi Finmart. “On a weekly closing basis, gold could hold the key support of $3,284 per troy ounce, while silver may find support around $34.00.”
In terms of intraday technicals, Jain sees gold facing resistance at $3,427–3,455 and support at $3,384–3,360, while silver holds support at $36.60–36.35 and resistance at $37.20–37.55 per troy ounce.
On MCX, gold is trading with support at ₹99,100–98,670 and resistance at ₹99,900–100,350. Silver is seeing support around ₹107,750–107,000 and resistance near ₹109,200–110,000.
According to Kedia Advisory, gold has immediate support at ₹99,180, with a breach possibly testing ₹98,815. Resistance is seen at ₹99,840, and a move above that could drive prices to ₹100,135. For silver, key support lies at ₹107,750, and a further decline could test ₹106,930. Resistance stands at ₹109,570, with potential to climb toward ₹110,570.
Despite the hawkish signals from central banks, analysts suggest that sustained central bank buying and deepening Middle East tensions could continue to offer a floor for gold and silver prices in the near term.
Big Data of The Week
Friday, June 20, 2025
China
06:45 AM – China Loan Prime Rate Decision for 1-Year and 5-Year terms (June)
United States
07:30 PM – US Conference Board Leading Index for May
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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.
