By earn 
Commodity Gold Outlook: A Bullish Trend with Strategic Opportunities
In the current market environment, gold continues to shine as a promising investment. While short-term fluctuations and consolidation are expected, the overall outlook for gold remains bullish. We anticipate that gold prices will move higher, potentially reaching levels of $2560 to $2595 from their current position, with strong support levels at $2465 and $2433.
Gold’s Domestic Market Potential
In the domestic markets, gold prices are on track to test the ₹75,000 mark within the next two to three quarters. Several factors are contributing to this bullish momentum, including geopolitical uncertainties, significant global ETF inflows, the Federal Reserve nearing a potential pivot in monetary policy, and a weakening dollar index. All these elements create a favorable environment for gold prices to rise.
Performance Recap: Gold and Silver
Gold has been a strong performer both domestically and internationally. In the domestic market, the near-month gold futures have delivered an impressive return of approximately 13.50%, while silver futures have outperformed slightly with a return of around 13.80%. On the global stage, spot gold has appreciated by more than 21.0% year-to-date (YTD), with spot silver surging around 24.0% YTD.
Investment Strategy: Stay Long on Gold
Given the current market conditions, we believe that gold remains a solid long-term investment. Investors should consider any minor corrections as opportunities to buy and should look to allocate 15% to 20% of their portfolio towards gold.
For traders, we recommend taking a long position in gold futures around the price range of ₹71,350 to ₹71,400. The target price for this trade is ₹73,000, with a stop-loss at ₹70,580 to manage potential downside risks.
By staying informed and strategically positioned, investors and traders alike can capitalize on the ongoing bullish trend in gold.
