Where are gold and silver prices headed next week? Fed minutes, Middle East in focus
Gold and silver prices are expected to maintain an upward trend, driven by geopolitical tensions in the Middle East and global economic indicators. Analysts are closely monitoring US Federal Reserve minutes and international inflation data for further market direction.
Why it matters
Precious metals are key indicators of market sentiment and economic stability, impacting global investment portfolios.
Gold and silver prices could continue their upward rally next week, but the momentum will depend on geopolitical and economic cues. Analysts expect bullion to remain firm as markets weigh the latest developments in the Middle East alongside inflation, trade and other global cues.Markets will keep an eye on US housing and trade data, inflation figures from the UK, Eurozone and Japan, and China’s economic indicators for cues on industrial metals. The minutes of the Federal Reserve’s FOMC meeting will also be closely watched for signals on the US central bank’s monetary policy outlook."The outlook for gold and silver remains positive and are expected to move up towards Rs 1.57 lakh per 10 grams and Rs 2.54 lakh per kg level," Pranav Mer, senior vice president, EBG - commodity & currency research, JM Financial Services Ltd, told PTI.On the domestic front, gold futures for October delivery gained Rs 2,686, or…
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