Gold price prediction today: Where are gold prices headed this week & what are the key levels?
Times of India
by TOI BUSINESS DESKFebruary 23, 2026
AI-Generated Deep Dive Summary
Gold prices are exhibiting a bullish bias as they surpassed the $5,000 mark last week, driven by several factors including softer US inflation data, expectations of Federal Reserve policy easing, and geopolitical tensions. The weaker-than-expected headline CPI figures, coupled with comments from Kevin Warsh suggesting potential rate cuts, have bolstered demand for gold as a safe-haven asset. Despite this optimism, mixed signals from the FOMC meeting minutes have introduced some uncertainty about the pace of future rate reductions. Additionally, robust physical silver demand, with over 50moz exiting COMEX vaults this year, further supports the bullish sentiment in precious metals markets.
Technically speaking, gold prices are currently consolidating after a sharp rally, forming a symmetrical triangle around the 158,000 level on the daily chart. This suggests a potential pause before the next significant move. The Bollinger Bands indicate that gold is
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Originally published on Times of India on 2/23/2026