Gold prices are expected to trade in a relatively narrow range in the coming week, with market direction hinging on developments in US-Iran negotiations and upcoming US economic releases. Multiple analysts cited uncertainty around the evolving talks as a key factor that keeps gold momentum limited. Investors are also monitoring signals about the Federal Reserve’s next policy move, as US data and commentary from Washington are expected to influence rate expectations.
Silver is viewed more positively than gold. Sources attribute this to ongoing geopolitical risks tied to the US-Iran situation, as well as higher crude oil prices that support broader commodity demand and risk sentiment. In addition to negotiations, traders plan to watch several US indicators, including housing data, gross domestic product figures, consumer confidence metrics, and PCE inflation readings, all of which could shape expectations for Fed policy.
One outlet also notes that domestic futures markets are closed for the Bakri Id holiday during part of Thursday’s trading schedule. Overall, both gold and silver are tied to a mix of geopolitics and macroeconomic data, with silver expected to outperform within the period.
