Gold & Silver Prices June 9, 2025: Decline & Fed Rate Cut Impact
- Gold prices experienced a decline in Monday trading, reversing gains from the previous week.
- The correction in gold prices followed stronger-than-anticipated U.S.
- Internationally, gold prices traded lower by 0.3% at $3,336.55.
gold prices dipped on June 9, 2025, spurred by robust U.S. jobs data and the resumption of US-China trade talks, impacting the market outlook. The primary_keyword, gold, saw a downturn, while its counterpart, secondary_keyword, silver, surged to multi-year highs, defying the trend. Experts are advising investors to consider buying silver on dips. The Federal Reserve’s potential interest rate adjustments continue to be a key factor. For detailed price analysis and expert insights, explore the full report. News Directory 3 delivers thorough market analysis. Discover what’s next for precious metals.
Gold Prices Slip as US-China Trade Talks resume
Updated June 09, 2025
Gold prices experienced a decline in Monday trading, reversing gains from the previous week. Around 11:00 a.m., August gold futures on the Multi Commodity Exchange (MCX) decreased by 0.54%, or Rs 521, to Rs 96,515 per 10 grams. July silver futures also saw a slight dip, falling by Rs 42, or 0.04%,to Rs 1,05,417 per kilogram.
The correction in gold prices followed stronger-than-anticipated U.S. jobs data, which tempered expectations of an interest rate cut by the Federal Reserve. Resumption of trade discussions between the U.S. and China also contributed to the downward pressure on gold,diminishing its appeal as a safe-haven asset. Silver,though,bucked the trend,showing considerable strength.
Internationally, gold prices traded lower by 0.3% at $3,336.55. Spot gold showed a positive bias, gaining 0.14%, or $4.55, to reach $3,314.72 per ounce. Silver futures saw gains of 0.44% at $36.3, while spot silver increased by 0.42% to $36.12 per ounce.
Last week, gold and silver futures settled mixed in international markets. August gold futures settled at $3,346.60 per troy ounce, down 0.84%, while July silver futures closed at $36.139 per troy ounce, up 0.93%. Similarly, domestic markets saw mixed results, with August gold futures settling at Rs 97,036 per 10 grams (down 0.86%) and July silver futures at Rs 1,05,459 per kilogram (up 0.97%). Despite high volatility, gold prices struggled to remain above $3,400 per troy ounce due to positive U.S. JOLTS job openings data and a stronger dollar index.
Silver prices, in contrast, demonstrated resilience, reaching 13-year highs internationally and lifetime highs domestically. Easing European inflation also supported silver’s strength.
Gold is projected to find support at $3,320-$3,284, with resistance at $3,364-$3,400 per troy ounce. Silver’s support lies at $35.80-$35.50, while resistance is expected at $36.45-$36.80 per troy ounce.On the MCX,gold may see support at Rs 96,600-96,100 and resistance at Rs 97,700-98,200. Silver’s support is anticipated at Rs 104,400-103,650, with resistance at Rs 106,500-107,400.
Manoj Jain, Commodity Expert at IndiaNivesh, suggests buying silver on dips around Rs 104,000-103,500 range with a stop loss of Rs 102,400 for a target of Rs 106,500.
What’s next
Traders will closely monitor U.S.-China trade talks and upcoming economic data for further cues on the direction of gold and silver prices. The potential for interest rate adjustments by the Federal Reserve remains a key factor influencing market sentiment.