Bullion watch: What will shape gold, silver prices? Fed bets, US jobs data in focus
Gold and silver prices are facing downward pressure due to US employment data and Federal Reserve monetary policy expectations. Geopolitical tensions, particularly regarding the US-Iran conflict, continue to influence market volatility.
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Provides critical market analysis for investors tracking precious metals and macroeconomic indicators.
Gold and silver prices could remain under pressure in September, with US employment data, central-bank expectations and geopolitical tensions likely to drive trading.The bullion market is set to enter the month on a cautious note the after witnessing a sharp sell-off last week. On the Multi Commodity Exchange (MCX), gold futures for October delivery lost Rs 6,157, or 3.8 per cent, to end the week at Rs 1.56 lakh per 10 grams. Silver futures for September delivery fell Rs 9,893, or 4 per cent, to Rs 2.36 lakh per kilogram."MCX Gold witnessed a sharp correction last week, falling from around Rs 1.63 lakh to Rs 1.56 lakh per 10 grams, resulting in a decline of nearly over Rs 6,000 from the weekly peak and a negative weekly closing of more than 3 per cent," Jateen Trivedi, VP research analyst - commodity and currency, LKP Securities told PTI.The decline was also…
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