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<\/div>\n<\/div>\n<\/div>\nGold price prediction<\/span> today: <\/span>Rising tensions in the Middle East and developments around US, Israel and Iran are expected to keep gold prices volatile this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.<\/span> Last week, gold and silver rallied to over three-week highs amid heightened geopolitical tensions and renewed trade uncertainty. Prices surged after the US Supreme Court struck down a broad range of tariffs imposed by Donald Trump<\/a>, weakening the administration\u2019s emergency trade powers. However, the White House swiftly introduced a temporary 10% global tariff, with plans to raise it to 15%, keeping markets on edge. Safe-haven demand intensified as US-Iran tensions escalated, after three failed talks in the month of February, it turned into escalation where US and Israel attacked Iran and killed their leader Khamenei. In retaliation, Iran also attacked neighbouring countries like UAE, Dubai, Riyad etc. and tankers in the Strait of Hormuz. Silver saw significant inventory drawdowns, particularly on COMEX, signaling tightening supply. While a softer dollar supported bullion, gains were capped by the Federal Reserve\u2019s higher-for-longer rate stance and resilient US economic data.<\/p>\n Technically, MCX Gold remains in a strong uptrend on the daily chart, trading above key moving averages with prices hugging the upper Bollinger Band, indicating sustained bullish momentum. The recent breakout above the 1.618 Fibonacci extension zone near 1,71,800 suggests continuation potential toward 1,75,000\u20131,78,000 in the coming sessions. Immediate resistance is placed around 1,70,000\u20131,72,000, while strong support is seen at 1,61,800 followed by 1,55,000 (previous consolidation zone). A sustained hold above the mid-Bollinger band keeps the bias positive, though any sharp pullback toward 1,62,000 could attract fresh buying interest during the week.The focus this week will be on Manufacturing PMI and US jobs market data. Also, any signs of de-escalation or any updates from the US or Iran could trigger further volatility in prices.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)<\/span><\/div>\n\nGold Price Outlook<\/h2>\n<\/p>\n