Gold set to gain further on trade jitters and US fiscal concerns; oil and metals face selling pressure
Gold price may continue its positive trend in the coming week, but may encounter initial resistance at Rs 97,600, which bulls may break and sustain above, allowing prices to approach all-time highs. On the other side, initial support is at Rs 94,000, followed by Rs 92,800.
Agri Picks Report May 22, 2025: Geojit Financial Services
According to Geojit Financial Services, The sowing of summer crops in Maharashtra reached 510,539 hectares as of Monday, up 20% on year from 424,345 hectares sown in the same period last year, according to a report released by the state agriculture department.
Gold rate today: Yellow metal rises; check the latest prices in your city on May 21
Gold rate today: Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 95,344 per 10 gram today.
Agri Picks Report May 21, 2025: Geojit Financial Services
According to Geojit Financial Services, The sowing of summer crops across India progressed to 8.07 million hectares as of Friday, up nearly 12% from 7.21 million hectares a year ago, according to data released by the agriculture ministry Monday.
Gold rate today: Yellow metal drops; check the latest prices in your city on May 20
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 93,001 per 10 gram today.
Agri Picks Report May 20, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department.
Agri Picks Report May 19, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department.
Commodities brace for Trump’s trade push and China’s economic data next week
Next week, commodity markets will closely monitor key Chinese economic data and flash PMI releases. Speeches from several US Federal Reserve and UK MPC officials will also be watched for policy signals.
Gold rates on May 16: Check the latest rates in your city today
'A US-China tariff truce and stable India-Pakistan relations weighed on gold prices,' says Way2Wealth Brokers.
Agri Picks Report May 16, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of summer crops in Maharashtra rose more than 21% to 510,538 hectares as of Tuesday from 421,706 hectares a year ago, according to a report released by the state agriculture department.
Agri Picks Report May 15, 2025: Geojit Financial Services
According to Geojit Financial Services, The area under summer crops across India was at 7.88 million hectares as of Friday, up nearly 10% from 7.19 million hectares a year ago, according to data released by the agriculture ministry on Wednesday.
Agri Picks Report May 13, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
Agri Picks Report May 12, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
US-China trade talks hold the key to commodity moves next week
On the data front, US consumer inflation and retail sales data will be key to watch. The Fed has recently warned of stagflation risks, so hotter-than-expected inflation coupled with weaker retail sales could further reduce the likelihood of near-term rate cuts.
Agri Picks Report May 09, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached 7.99 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
Agri Picks Report May 08, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached nearly 8.0 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.8 million acres a year ago, according to a report released by the state agriculture department.
Agri Picks Report May 07, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of rabi crops in Telangana reached nearly 8.0 million acres (1 acre = 0.4 hectares) as of Wednesday, up 18% from 6.8 million acres a year ago, according to a report released by the state agriculture department.
Agri Picks Report May 06, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry.
Agri Picks Report May 05, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry.
Next week’s Fed meeting could be pivotal, but US-China trade talks will also remain in sharp focus.
The announcement that the US and China are open to trade negotiations provided some optimism, but scepticism lingers. Market participants remain wary of how much of this is political posturing versus real progress.
Agri Picks Report May 02, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of summer crops across India progressed to 7.3 million hectares as of Friday, up 15% from 6.3 million hectares sown a year ago, according to data released by the agriculture ministry.
Gold-silver ratio crosses 100 as yellow metal outshines white, will silver catch up?
Gold prices have surged, pushing the Gold-Silver ratio above 100 for the first time since the pandemic, as silver struggles to keep pace.
Agri Picks Report April 29, 2025: Geojit Financial Services
According to Geojit Financial Services, Sowing of rabi crops in Telangana was at 7.94 million acres (1 acre = 0.4 hectares) as of Wednesday, up 17.2% from 6.77 million acres a year ago, according to a report released by the state agriculture department.
Gold rates on April 28: Yellow metal's price drops; check latest rates in your city today
"The recent downside was triggered by growing expectations of a possible trade thaw between the US and China," said Jateen Trivedi from LKP Securities.
