Gold price prediction today: Will the gold, silver rebound rally sustain? Here’s the outlook

Gold price predictiontoday: Gold and silver prices are recovering this week, but are expected to see volatility in the coming days, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares and Stock Brokers. He shares his outlook for gold and silver prices in the coming days:Gold was seen recovering along with silver this week, as dip – buyers crowded into precious metals following an abrupt unwinding of a record-breaking rally.Spot gold climbed as much as 10 – 12 % after falling to a low of $ 4404 in the current week extending its slump from Friday that was the steepest in more than a decade. Silver also rose more than 20%, taking it back above $87 an ounce after falling towards $73 in Monday’s trade.Precious metals retreat from record highs seen in last week followed amid a slew of warnings from market watchers that the advances, especially for Silver, had been too large and too swift.The plunge began after CME Group hiked margin requirements on both metals forcing leveraged traders to liquidate positions and accelerating a wave of selling. Month end Rout was also triggered by dollar rebounding from its lows after a report showed that the Trump administration was preparing to nominate Kevin Warsh for Fed chair, a move later confirmed.Traders regard Warsh as the toughest inflation fighter among the finalists, raising expectations of monetary policy that would underpin the dollar and weaken greenback-priced bullion.Ahead of that, the bullion’s climb in January had been underpinned by renewed concerns about geopolitical upheaval, currency debasement and threats to the Federal Reserve’s independence.

Gold Price Outlook:

Markets continue to remain sensitive as position adjustments may create selling pressure at higher levels; fundamentals still remain positive for long term perspective.Weekly View:

With the nomination of Kevin Warsh as next Fed chair had spooked market sentiments, he is not yet confirmed as Powell’s successor, speculation over his policy stance may continue to influence market sentiment in the short term. China markets have been trading at a notable premium over LBMA indicating strong demand & lack of available silver in local Chinese markets since the start of the year. Recent Chinese gold demand has been notable where last week, China witnessed larger gold ETFs inflows than the US, whose holdings are roughly 7 – 8 times bigger than China holdings. Also wholesale jewellery demand had risen in recent weeks amid Spring Festival restocking, likely amplified by the price dip, as reflected in soaring local gold premiums and stronger trading volumes on the Shanghai Gold Exchange.With China remaining on Lunar New Year holidays in coming weeks starting 17th Feb, exchange volume may remain impacted during the same period. Also with the dollar seen rebounding from its lows since Friday that could keep gold prices on a rollercoaster ride in near term. Investors’ attention could also turn to Friday’s monthly jobs report, though its release could be delayed by a partial government shutdown. Also with Indian rupee witnessing sharp appreciation post announcement of trade deal between India & US could remain a factor limiting upside in local prices.However, the long term outlook for the precious metals could remain positive with dips in gold seen towards 4650 – 4500/Oz could reignite investment demand in the medium term. Given uncertainty around interest rate trajectory, continued central bank demand & ETF flows, diversification of foreign US asset holdings into gold could continue to take place in 2026. These factors could propel Gold to test $ 6000 /Oz in the second half of the current year. (Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)