{"id":21318,"date":"2026-01-04T09:41:04","date_gmt":"2026-01-04T09:41:04","guid":{"rendered":"https:\/\/lotayamedia.xyz\/?page_id=21318"},"modified":"2026-01-04T09:41:04","modified_gmt":"2026-01-04T09:41:04","slug":"gold-price-outlook-china-tariffs-mcx-rate-impact-3","status":"publish","type":"page","link":"https:\/\/lotayamedia.xyz\/?page_id=21318","title":{"rendered":"Gold Price Outlook: China Tariffs & MCX Rate Impact"},"content":{"rendered":"

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\nGold prices in Indian markets (MCX) could see a pullback, with experts predicting a potential decline to \u20b987,000 per kg\u2014or even \u20b984,000\u2014in the coming days. The drop follows China\u2019s new tariff announcements, sparking a sell-off in global and domestic gold markets.<\/p>\n

On Friday, MCX gold fell 2.17% to \u20b988,099 per 10 grams, while global spot gold dropped 2.4% to $3,041.11 per ounce as investors shifted away from safe-haven assets.<\/p>\n

Why Are Gold Prices Falling? Key Factors
\nChina Tariff Impact \u2013 The latest trade policies triggered profit booking, as markets had already priced in tariff risks.<\/p>\n

Reduced Safe-Haven Demand \u2013 Easing Russia-Ukraine & Middle East tensions lowered gold\u2019s appeal.<\/p>\n

Strong US Jobs Data \u2013 March\u2019s robust non-farm payrolls reduced expectations of aggressive Fed rate cuts, pressuring gold further.<\/p>\n

Expert Insights: How Low Can Gold Go?
\n1. Profit Booking & Trade War Effects
\nJateen Trivedi (LKP Securities VP Research) explains:<\/p>\n

\u201cGold saw profit booking post-China tariff news, as markets had already adjusted for trade war risks.\u201d<\/p>\n

\u201cWith geopolitical tensions cooling, demand for gold as a safe-haven asset may soften.\u201d<\/p>\n

Technical levels to watch:<\/p>\n

Resistance: $3,120-$3,130 (Comex)<\/p>\n

Support: $3,050-$3,055 \u2013 A break below could trigger further selling.<\/p>\n

2. Domestic Gold Price Forecast
\nSugandha Sachdeva (SS WealthStreet Founder) adds:<\/p>\n

\u201cGold\u2019s rally is facing headwinds due to global trade disruptions.\u201d<\/p>\n

\u201cTrump\u2019s exclusion of gold from tariffs eased supply fears, reducing price support.\u201d<\/p>\n

MCX gold could test:<\/p>\n

First support: \u20b987,000 per kg<\/p>\n

Next critical level: \u20b984,000 if selling pressure continues.<\/p>\n

What\u2019s Next for Gold Investors?
\nShort-term bearish trend: Prices may dip further if US inflation & Fed policies remain restrictive.<\/p>\n

Long-term bullish case: Any escalation in geopolitical risks or Fed rate cuts could revive demand.<\/p>\n

Traders should monitor:
\n\u2714 US economic data (Inflation, Fed statements)
\n\u2714 Geopolitical developments (Middle East, Ukraine)
\n\u2714 MCX gold support levels (\u20b987,000 & \u20b984,000)<\/p>\n