Gold Price Today News, US Fed Rate: The U.S. Federal Reserve is expected to maintain interest rates at current levels when it announces its policy decision late Wednesday night (11:30 PM IST). While no rate change is anticipated, market participants are closely watching for the Fed’s updated economic projections, which could significantly sway sentiment. Key takeaways will include the outlook for inflation, the projected path of interest rates, and Fed Chair Jerome Powell’s response to increasing political pressure from the White House.
Despite President Donald Trump’s recent tariff actions having only a limited immediate impact on inflation, markets remain uncertain about their long-term effects. Investors are particularly focused on whether the Fed will stick to its prior projection of two rate cuts in 2025 or revise its stance amid evolving economic and geopolitical conditions.
In domestic markets, silver continued its stellar run, scaling fresh all-time highs on MCX and nearing ₹1,10,000 per kg, supported by safe-haven demand. Gold, meanwhile, traded slightly weaker on global cues but remains elevated due to geopolitical risks and currency weakness.
U.S. Treasury yields declined sharply on Tuesday after retail sales data came in below expectations, raising fears of a slowdown or even recession. The benchmark 10-year yield dropped over 6 basis points to 4.387%, while the 2-year yield slipped more than 2 basis points to 3.946%. Bond prices rose in response, as investors sought safer assets.
Geopolitical Tensions Deepen as Iran-Israel Conflict Enters Day Six
Tensions in the Middle East continued to escalate as Iran’s Supreme Leader Ayatollah Ali Khamenei declared “The battle begins” in a social media post. His comments followed a warning from U.S. President Donald Trump, who demanded Iran’s “unconditional surrender” and labeled Khamenei an “easy target,” warning that America’s “patience is wearing thin.”
CNN reported that Trump is increasingly open to using U.S. military forces to strike Iranian nuclear facilities. A senior Israeli official told the network that Israel is awaiting confirmation on whether the U.S. will assist in neutralizing Iran’s nuclear capabilities.
Early Wednesday, Israel launched a new wave of airstrikes on Tehran. Sirens blared across Israeli cities warning of incoming Iranian missiles, and explosions were reported in Tel Aviv, heightening fears of a broader regional conflict.
Japan Exports Slump Amid Trade Headwinds
Japan’s exports in May fell 1.7% year-on-year, the sharpest decline since September 2024, as the country faces persistent trade uncertainty. Although the decline was less than the 3.8% forecasted by Reuters, it marked a notable reversal from April’s 2% gain. Trade Ministry data showed that exports to the U.S. dropped by 11.1%, while shipments to China fell by 8.8%.
Expert View: Manoj Kumar Jain – Commodity & Currency Outlook
On Gold & Silver:
“Gold and silver prices remained highly volatile amid geopolitical tensions and ahead of the Fed’s policy decision. The Israel-Iran conflict has boosted safe-haven demand, but weak U.S. retail and core retail sales data are capping gains. Chinese gold demand also eased in May, further limiting the upside. While gold fell on Comex, silver extended gains and surpassed $37 per troy ounce—its highest since February 2012. In the domestic market, a weaker rupee supported both metals,” said Manoj Kumar Jain.
“We expect continued volatility this week, driven by fluctuations in the dollar index, geopolitical developments, and the Fed’s monetary policy. Gold could hold its key support of $3,284/oz, and silver may remain above $34/oz on a weekly basis.”
Technical Levels (International):
- Gold support: $3,384–$3,360 | Resistance: $3,427–$3,455
- Silver support: $36.80–$36.40 | Resistance: $37.40–$37.74
Technical Levels (MCX):
- Gold support: ₹99,100–₹98,650 | Resistance: ₹99,850–₹1,00,200
- Silver support: ₹1,08,000–₹1,07,200 | Resistance: ₹1,09,750–₹1,10,600
On Currency (USDINR):
“As per the daily chart, the USDINR pair has support at 86.0500–85.8400 and resistance at 86.5000–86.8000. It is expected to trade in the range of 85.1000–87.5500 this week,” Jain added.
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Big Events of The Week
Wednesday, June 18, 2025
United Kingdom
11:30 AM – UK Inflation Rate Year-on-Year for May
United States
11:30 PM – US Federal Reserve Interest Rate Decision
11:30 PM – FOMC Economic Projections
11:30 PM – Interest Rate Projections for 2025 and 2026
12:00 AM (June 19) – Fed Chair Press Conference
Thursday, June 19, 2025
United States
US markets will remain closed in observance of Juneteenth National Independence Day
Euro Area
01:00 PM – ECB President Christine Lagarde Speech
United Kingdom
04:30 PM – Bank of England Interest Rate Decision
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.
