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Gold prices may see consolidation next week
Orissa POST
|August 18, 2025
Gold prices are likely to witness a phase of consolidation in the coming week as traders weigh a mix of global economic indicators, cues from central banks and shifting geopolitical dynamics, analysts said.
"In the week ahead the focus will be on US housing data, CPI numbers from the UK and the Euro zone and the provisional data on manufacturing/ services PMI from across regions," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said.
Pranav Mer noted that safe-haven demand has eased after Washington and Beijing agreed to extend trade negotiations for other 90-days.
Meanwhile, US-Russia talks to end war in Ukraine had some progress but ended without any conclusion.
Diese Geschichte stammt aus der August 18, 2025-Ausgabe von Orissa POST.
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