Gold Price Forecast: Analysis of Potential Range-Bound Trends for June 2, 2026

**Gold Prices Under Pressure Amid Inflation Concerns and Geopolitical Tensions**

Gold prices remain under significant pressure due to ongoing inflation fears, alongside rising geopolitical tensions and increasing oil prices. According to Praveen Singh, Head of Currencies and Commodities at Mirae Asset ShareKhan, these factors have contributed to a cautious market sentiment surrounding precious metals.

Inflation continues to be a key concern, as it erodes purchasing power and influences investor behavior. Central banks globally are responding to elevated inflation rates with potential interest rate hikes, which may diminish the appeal of non-yielding assets like gold.

Moreover, geopolitical tensions—particularly in regions prone to conflict—are adding uncertainty to the market. Investors typically turn to gold as a safe-haven asset during times of crisis, but the current dynamics are influencing price volatility.

Additionally, the recent surge in oil prices, driven by supply chain disruptions and increased demand, is further complicating the economic landscape. Higher oil prices contribute to inflation, which in turn impacts consumer purchasing decisions and overall economic stability.

Market analysts will be closely monitoring these developments for their potential effects on gold prices in the coming days.