Gold and silver prices are expected to move within defined ranges for a second straight week as investors weigh developments in US-Iran peace talks and upcoming global economic data. Analysts cited “consolidative” momentum for gold, suggesting limited upside and a tendency to stay steady, while they describe silver’s movement as comparatively more positive. Market attention remains on whether progress in the US-Iran negotiations affects risk sentiment and expectations for safer-haven demand.
Both outlets also point to macroeconomic releases as potential catalysts for near-term price swings. Traders plan to monitor inflation figures from China, Germany, and the United States, along with GDP data from the Eurozone and the UK. In parallel, broader factors such as geopolitical tensions and central bank buying are seen as supporting activity in precious metals and contributing to the range-bound outlook.
On the domestic futures market, gold futures on the Multi Commodity Exchange are reported to have gained about 1% over the prior week, while silver futures rose sharply, reflecting recent strength even as analysts expect prices to remain contained by prevailing market conditions and new information from negotiations and data releases.
