Gold Advances Sharply Worldwide, Fueled by Inflation Data and Geopolitical Tensions

Gold prices advanced in the last 24 hours, with spot gold reaching $3,372.78 per ounce by 10:20 AM on June 12, 2025, according to official market data. This move followed a 1.45% gain, reflecting a continuation of the positive momentum seen earlier in the week.

Domestic markets in India mirrored this trend, with 24-carat gold priced at ₹97,790 per 10 grams in Delhi and ₹98,470 per 10 grams nationwide. Silver prices also edged higher, though both metals showed some intraday volatility.

The market responded to persistent macroeconomic uncertainty. Ongoing U.S.-China trade negotiations and unresolved tariff issues kept safe-haven demand elevated. Investors also monitored U.S. inflation data, which failed to provide a decisive signal for Federal Reserve policy.

This indecision limited sharp moves but reinforced gold’s role as a portfolio hedge. Central bank demand and positive ETF inflows, especially from Western investors, tightened physical supply and supported price resilience.

Technical analysis of the 4-hour and daily charts reveals a market in a clear uptrend. On the 4-hour chart, gold consistently traded above the 200-period moving average, confirming bullish sentiment.

The Relative Strength Index (RSI) on this timeframe rose to 62.12, signaling healthy momentum but not yet overbought. The MACD indicator showed a bullish crossover, with the MACD line above the signal line and histogram bars turning positive.

Bollinger Bands widened, indicating increased volatility, while price action hovered near the upper band, a sign of buying pressure. On the daily chart, the uptrend remained intact. Gold prices held above key support levels, including the 100- and 200-day moving averages.

The daily RSI stood at 57.03, suggesting room for further gains without immediate risk of reversal. The MACD on the daily chart maintained a positive stance, though momentum appeared to be consolidating after recent gains.

Price action stayed above the Ichimoku cloud, reinforcing the bullish outlook. Volume analysis confirmed that recent price advances occurred on higher-than-average trading volumes, validating the move.

ETF inflows continued, further tightening the market. No evidence of speculative excess or panic buying emerged in the data. In summary, gold’s advance over the past day resulted from a blend of supportive fundamentals and strong technical signals.

Investors responded to ongoing macroeconomic risks and policy uncertainty by increasing allocations to gold, while technical indicators confirmed the market’s upward momentum.

The next resistance levels lie near $3,408 per ounce, with support around $3,346. Barring a major shift in macro conditions, the market’s structure favors continued stability with an upward bias.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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