Gold, silver prices may rise next week as US inflation data, Gulf tensions guide markets
Gold and silver prices are expected to remain high as investors react to US inflation data and ongoing tensions in the Middle East. Analysts suggest that a weaker US dollar and potential shifts in Federal Reserve policy are driving the current rally in precious metals.
Why it matters
Fluctuations in precious metal prices serve as a key indicator of investor sentiment regarding global economic stability and geopolitical risk.
Gold and silver prices are expected to remain firm next week, with inflation data from major economies and developments around efforts to end hostilities in West Asia likely to influence bullion markets, analysts said.Investors will track inflation figures from the US, Germany, Japan and India. Upcoming Chinese economic data will also be important for industrial metals, according to analysts.“Gold and silver momentum looks positive and are expected to trade with a positive bias and move up towards Rs 1.57 lakh per 10 grams and Rs 2.80 lakh per kg in the short term,” Pranav Mer, senior vice president, EBG - commodity & currency research, JM Financial Services Ltd, said, as quoted by news agency PTI.Gold, silver post sharp weekly gainsOn the domestic market, gold futures for October delivery rose Rs 8,444, or nearly 6 per cent, during the week to close at Rs 1.51 lakh per 10 grams.Silver futures for…
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