Gold Rebounds After Two-Day Decline: Banks See Continued Bullish Trend

Renewed Uptrend

Gold prices rebounded after a two-day losing streak, climbing back above $4,900 per ounce ahead of the release of the latest Federal Reserve meeting minutes.

Market Drivers

Following progress in U.S.–Iran talks, gold had fallen to a one-week low. However, renewed demand pushed prices up 1.10%, opening Wednesday’s session at $4,931 per ounce.

Local Market Impact

Domestic gold prices mirrored the global move, with gram gold posting gains during midweek trading.

Record High and Volatility

After reaching an all-time high above $5,598 per ounce at the end of January, gold experienced a sharp correction driven by speculative activity. Although it recovered part of the losses, volatility remains elevated.

Bank Outlooks

Major financial institutions suggest that key supportive factors remain intact, including trade uncertainty and ongoing geopolitical tensions, pointing to further upside potential.

Year-End Forecasts

Analysts project that gold could rise toward the $6,000–$6,200 range by year-end if macroeconomic risks persist.

Focus on the Federal Reserve

Markets are closely watching the Fed’s meeting minutes and policy signals, with expectations currently pricing in three rate cuts totaling 75 basis points over the year.