Gold poised for volatile week as West Asia tensions roil markets: Analysts
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Gold prices are expected to remain volatile next week due to geopolitical tensions in the Middle East and key macroeconomic data releases. Analysts suggest that further escalation could boost gold prices, while signs of de-escalation may lead to sharp selling. Last week, gold and silver experienced significant price movements, with gold consolidating between Rs 1.59 lakh-1.70 lakh per 10 grams. Global factors such as rising demand for safe-haven assets and elevated US Treasury yields are influencing the bullion market. Key economic data from China, the US, Germany, and India will be closely monitored.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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