Fed, crude, dollar and Iran war: 4 factors that could move gold next week
Gold and silver prices are expected to remain volatile due to upcoming US Federal Reserve interest rate decisions and geopolitical tensions. Analysts suggest that market sentiment will be heavily influenced by crude oil prices, the US dollar, and inflation expectations.
Why it matters
Precious metals are key indicators of global economic stability and investor risk appetite during periods of monetary policy uncertainty.
Gold and silver prices are likely to remain volatile next week, with the US Federal Reserve’s interest rate decision, crude oil movements, the US dollar and developments in the US-Iran conflict expected to drive market sentiment, analysts said.The September 15-16 meeting of the Federal Open Market Committee (FOMC) will be the key global event for bullion markets. The Fed’s policy decision and Chair Kevin Warsh’s commentary are likely to set the tone for precious metals.Commodity markets will remain closed for the morning session on Monday due to Ganesh Chaturthi.“Going ahead, gold will remain highly sensitive to Fed commentary, crude oil movements, the US dollar, inflation expectations and geopolitical developments,” Jateen Trivedi, VP research analyst - commodity and currency at LKP Securities, said, as cited by news agency PTI.He said any moderation in crude prices or a less hawkish stance by the US Federal Reserve could support a recovery in gold,…
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in