Gold prices fell on Wednesday (23 April). After a change in emotion, US President Donald Trump’s soft trend on the Federal Reserve and the latest expectations for a business deal with China.
Index fund corner
| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | Invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest now | Equity: Mid Cap | 0.28% |
Spot gold fell 0.7% to 3,357.11 One ounce from 0256 gmt to one ounce.
The US gold futures fell 1.5% to $ 3,366.80 an ounce.
In India, prices also slipped. According to Goodreturns, the price of 24k gold is now ₹ 10,136 per gram. 22k gold is ₹ 9,291 per gram. 18K Gold Trade trades at ₹ 7,602 per gram.
Why is gold falling?
Trump supported threats to fire Fire Fed Chair Jerome Powell. He also said that a deal with China can reduce the tariff “to a great extent.”
These comments promoted risk hunger and pulled investors away from gold.
“Tone changes triggered a sales. Gold hits oversold levels in the short term,” said Calvin Wong, senior market analyst from Onda.
A strong dollar and rising American stocks also pushed gold less. A firm dollar makes gold expensive for foreign buyers.
American Treasury Secretary Scott Besent added to optimism. They hope that the trade tension will decrease but warned that the conversation with Beijing will slow down.
Russia’s President Putin also indicated to stop the Ukraine war. This further reduced the demand for gold as a safe shelter.
All-time from high to pullback
On Tuesday (April 22), Gold hit $ 3,500 an ounce. It was the 28th record high this year. Prices of inflation, central bank procurement and global stresses were noticed prices.
JP Morgan still sees gold climb. It expects to cross $ 4,000 an ounce next year.
But analysts warns of short -term reforms.
“Gold saw a big rally. It is natural to take some benefits now,” Manav Modi, Manav Modi said, senior analyst of Motilal Oswal.
The latest forecast of IMF may support gold again. This cut the global growth from 2025 to 2.8% and increased inflation by 3%.
How to invest now
Both gold and Nifty 50 are at high levels. Investors are enjoying profit in property. But experts say that be cautious.
Om Ghawalkar recommends the market analyst, balance in Share.Market.
“If gold is more than 25% of your portfolio, book some profits. Do not invest outright now. Now use SIP in Gold ETF to handle instability,” he said.
He emphasized the need for diversification. “Divide your money beyond gold, stock and loan. Do not let your plan change.”
