Weekly Gold Predictions from June 9th to June 15th, 2025

Gold’s Performance vs the US Federal Reserve

‍

Gold is consolidating in a range with a bearish bias, while silver rose almost 9% during the week. Silver prices traded at their highest levels since February 2012 as soft US economic data and a dovish Federal Reserve outlook continued to drive demand for safe-haven assets. 

‍

Last week, silver prices benefited from escalating US-China trade tensions and a weaker US dollar, driving demand for precious metals.

‍

However, market sentiment shifted on Thursday following a positive call between US President Trump and Chinese President Xi Jinping, which led to a resumption of trade talks between the two nations. The shift in sentiment reduced silver’s safe-haven appeal but increased its demand as an industrial metal.

‍

The U.S. Bureau of Labor Statistics reported the country added 139,000 new jobs in  May, down from 147,000 in April but above the consensus estimate for a rise of 125,000 positions. The unemployment rate held at 4.2%. Initially, the mixed employment data had a neutral impact on gold prices. 

‍

However, the precious metal is currently experiencing a growing sentiment that the Federal Reserve will remain on hold due to steady wage growth and stubborn inflation. Expectations for a Fed rate cut in September have strengthened after a series of disappointing indicators. 

‍

Meanwhile, the ongoing feud between US President Donald Trump and Tesla CEO  Elon Musk was spurred by the House of Representatives' approval of the US debt ceiling increase.

‍

Amid today’s global uncertainty, central banks around the world are purchasing gold at an unprecedented pace, accumulating approximately 80 metric tonnes per month, valued at around $8.5 billion based on current prices.

Currently, gold accounts for only 6% of China’s reserves, compared to 75% for the US, Germany, France, and Italy.

‍

The global average is around 20%, which analysts see as a realistic medium-term target for emerging market central banks.

‍

Central banks worldwide are set to buy  1000 metric [tonnes] of gold in 2025, marking a fourth straight year of massive purchases as they shift reserves away from US dollar assets. 

‍

Meanwhile, platinum rallied 11% last week as prices pushed solidly above $1150. The precious metal is seeing its highest price in three years. 

‍

Grow your gold reserves by saving money in digital gold on the Jar app.

‍

Gold Price Forecast

‍

Both silver and platinum have been attracting significant attention as they continue to trade at a steep discount to gold. Investment demand is growing, as both metals are expected to face sharp supply deficits this year. 

‍

This week, the US economic docket will be absent of Fed speakers as they enter the blackout period ahead of the June 17-18 meeting. Traders would be eyeing CPI figures, followed by the Producer Price Index (PPI) and the University of Michigan Consumer Sentiment. 

‍

A hotter-than-expected CPI reading could strengthen the USD and further trim Fed cut bets. This situation is punishing gold prices, while a softer CPI may push them higher. 

‍

Disclaimer: The recommendations and opinions shared by experts regarding the stock market and other asset classes are their own. These views do not reflect the official stance or position of Jar.