Gold price prediction today: Will gold maintain its upward momentum? Check outlook

Gold price prediction today: Gold prices are showing signs of stabilising after a prolonged phase of correction, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices started the week on a positive note, as easing geopolitical tensions and a weaker US dollar improved sentiment towards bullion, although gains may remain capped ahead of the Federal Reserve’s policy decision. Markets welcomed the temporary pause in hostilities between the United States and Iran after both countries refrained from further military escalation over the weekend, reducing fears of immediate supply disruptions through the Strait of Hormuz and the Red Sea. The de-escalation triggered a sharp decline of more than 5% in crude oil prices, easing concerns over energy-driven inflation and reducing pressure on global central banks to maintain restrictive monetary policies.