Gold Price Prediction: Navigating the April 28, 2025 Market

Gold prices experienced significant volatility last week, reaching an all-time high of $3,500/oz on COMEX before falling below $3,300. This fluctuation was driven by safe-haven demand amidst geopolitical and economic uncertainties, including U.S. Federal Reserve policies and U.S.-China trade tensions.

Global Cues and Market Sentiment

The market's direction is influenced by several factors, including U.S. President Donald Trump's comments on Federal Reserve Chair Jerome Powell, the IMF's downgraded global growth forecast, and potential peace efforts in Ukraine. Investors are closely watching central bank independence and inflation expectations for clues on future movements.

Investment Strategy: To Buy or Sell Gold?

Strategy for Gold: Sell Gold
Stop Loss: above Rs 96,500 and Target: Rs 93,500/92,800
Experts recommend a cautious approach, considering the current market volatility and upcoming economic indicators.

Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.