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
China’s economy expanded 5.2% year-on-year in the second quarter, slightly exceeding the 5.1% forecast and crossing Beijing’s 5% annual target. However, the growth slowed from Q1’s 5.4%, and retail sales in June grew just 4.8%—down from 6.4% in May—highlighting 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 June—well above expectations. Investors now look to the late-July Politburo meeting for clues on future stimulus measures and direction for China’s 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% “secondary tariffs” 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 aren’t 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 $3344–3327 and resistance at $3374–3389, while silver sees support at $38.00–38.40 and resistance between $39.10–39.50 per troy ounce. On MCX, gold is supported at ₹97,440–97,000, with resistance at ₹98,000–98,360. Silver support lies at ₹1,12,000–1,10,800, and resistance at ₹1,14,000–1,15,200.
Kedia Commodity View: Breakout Levels in Focus
Kedia Commodity notes immediate support for gold at ₹97,430, with resistance at ₹98,290—potentially extending to ₹98,800. For silver, resistance is pegged at ₹1,14,505, above which it may rally to ₹1,16,075.
SMC Global: Bearish Bias for Silver, Range-Bound Gold
According to SMC Global, gold may trade between ₹97,100–97,500, while silver is expected to move within ₹1,12,500–1,13,300, 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
🇨🇳 China
• 07:30 AM – GDP Growth Rate YoY (Q2)
• 07:30 AM – Industrial Production YoY (June)
• 07:30 AM – Unemployment Rate (June)
🇪🇺 Euro Area
• 02:30 PM – Industrial Production MoM (May)
🇺🇸 United States
• 06:00 PM – Core Inflation Rate MoM (June)
• 06:00 PM – Core Inflation Rate YoY
• 06:00 PM – Inflation Rate MoM (June)
• 06:45 PM – Fed Governor Michelle Bowman speech
Wednesday, July 16, 2025
🇺🇸 United States
• 12:15 AM – Fed President Susan Collins speech
• 05:15 AM – Fed President Lorie Logan speech
• 06:00 PM – Producer Price Index (PPI) MoM (June)
• 06:45 PM – Industrial Production MoM (June)
🇬🇧 United Kingdom
• 11:30 AM – Inflation Rate YoY (June)
Thursday, July 17, 2025
🇺🇸 United States
• 04:00 AM – Fed President John Williams speech
• 06:00 PM – Retail Sales MoM (June)
• 06:00 PM – Initial Jobless Claims (Weekly)
🇪🇺 Euro Area
• 02:30 PM – Final Inflation Rate MoM (June)
Friday, July 18, 2025
🇯🇵 Japan
• 05:00 AM – Inflation Rate YoY (June)
🇺🇸 United States
• 07:30 PM – University of Michigan Consumer Sentiment (Preliminary, July)
Sunday, July 20, 2025
🇨🇳 China
• 06:45 AM – Loan Prime Rate – 1 Year
• 06:45 AM – Loan Prime Rate – 5 Year
🌐 Other Key Developments to Watch
- 🇺🇸 Trump’s Statements on tariffs, foreign policy, and trade talks
- 🇷🇺🇺🇦 Russia–Ukraine war updates
- 🇮🇱🇵🇸 Israel–Gaza 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.
