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August Gold Price Prediction: Gold prices saw a decline last week. The price of gold has fallen to 3,335.60 dollars. Experts believe that the price of gold is expected to rise in the coming week as investors will be waiting for many things like the results of the US Federal Open Market Committee (FOMC) meeting during this period.
The trade deal between the US and India is still not finalized and here, the deadline of the tariff is also coming closer on 1 August. In such a situation, the price of gold may face tough challenges.
The August delivery gold futures at Comex in New York closed at $ 37.90 or 1.12 percent to close at $ 3,335.60 an ounce.
According to the Economic Times report, NS Ramaswamy, the Commodity and CRM head of Ventura, says that the price of gold was seen to fall a huge decline between the US talks with China to increase the deadline of the tariff and it has fallen from $ 3,438 to $ 3,335.60 an ounce.
Re -conversation between China and America
According to a report by Reuters, the second round of talks have started in Stockholm between the US and Chinese officials today. Its purpose is to resolve the long -standing economic disputes between the two and to step back from the growing trade war between the world’s two largest economies. If the conversation between the two is successful, then it may be that both countries agree to increase the tariff agreement for 90 days.
Will the price be reduced in August or will the price increase?
Ramaswamy says that the gold can remain weak in view of the delay or delay in business deals on the tariff before the deadline of 1 August. These days, gold demand in the form of safe investment seems to be decreasing.
He says that the change in gold prices will now depend on the increasing tension on the tariff front and the more soft stand of the American Fed Reserve. It may be that the gold prices again jumped again by the end of 2025 when the gold purchases of gold from the Central Bank of China. For now gold price There is no possibility of a lot of bounce or decrease in it.
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