Gold Prices Cool Slightly But Remain Near Record Highs Amid Global Tensions

• Comex gold traded at $4,607.80 on January 16, a slight decline from its all-time high of $4,648 on January 14.
• MCX gold closed at Rs 1,43,120 for 10 grams on January 15, after peaking at Rs 1,43,590 on January 14.
• Prices cooled as US President Donald Trump refrained from new tariffs on critical minerals and eased fears of military action in Iran.
• Expectations of multiple US Federal Reserve rate cuts this year, driven by softer inflation data, continue to support gold's outlook.
• Experts predict gold could reach $4,800–$5,000 in 12–18 months, but advise a phased investment approach due to current high prices.

Why It Matters: Despite a slight dip, gold remains near record highs, driven by geopolitical concerns and anticipated Fed rate cuts.