Forecasting gold price for July 3: Investors' eye on US economic data, instability in global rates continues

Forecasting gold price for July 3: Investors' eye on US economic data, instability in global rates continues

Last Updated Jul - 02 - 2025, 04:41 PM | Source : Fela News

The forecast of the price of gold for July 3 indicates vigilance and instability. Investors are closely monitoring the signs of US economic figures and interest

As July 3 arrives, the gold price outlook remains uncertain and somewhat chaotic. Investors across India and the globe are watching closely, trying to understand where the next move in price may come from. After recent highs, gold found to be pausing for breath trading within a risky range.

The price of 24 carat gold in India was around ₹ 9,889 per gram, which reflects a slight increase. At the same time, gold prices in the global market remained between $ 3,250 to $ 3,400 an ounce. Experts say that this phase of stability may continue for some time and unless no major economic data from the US shows a new direction.

The big trigger everyone is waiting for is upcoming US inflation and employment data. These numbers will shape how the US Federal Reserve responds in the coming months whether it decides to cut interest rates, hold them steady, or tighten further. All of these possibilities affect gold’s appeal as a safe-haven asset.

Commodities analysts, including those at Anand Rathi, say that gold may stay under pressure in the short term, especially if interest rates remain high. However, major banks like HSBC remain positive in the long run. They’ve raised their 2025 gold price forecast to an average of $3,215 per ounce, based on continued demand and economic uncertainty.

For Indian investors, this is a time to stay alert but not panicked. The gold price outlook shows signs of stability, but with global uncertainties, swings are possible. Those looking to invest would do well to monitor the news closely particularly US data and central bank statements.

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