Gold price prediction today: Any end to gold fall in sight? Check outlook for July 13

Gold price prediction today: Gold prices are trading with a bearish bias as geopolitical events weigh on investor sentiment, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices continue to languish as escalating geopolitical tensions in the Middle East continue to fuel inflation concerns and strengthen expectations that the US Federal Reserve will maintain a restrictive monetary policy. Fresh US strikes on Iranian targets following attacks on commercial vessels near the Strait of Hormuz have pushed crude oil prices higher, reviving fears of energy-driven inflation and adding uncertainty over global supply routes. Higher oil prices have supported the US dollar and Treasury yields. Meanwhile, the minutes of the Federal Reserve’s June meeting highlighted that policymakers remain divided on the need for further policy tightening but broadly acknowledged persistent inflation risks arising from elevated energy prices, AI-driven investment demand and the impact of tariffs.