Gold and silver prices are expected to face continued pressure in the coming week as investors evaluate the effects of renewed US-Iran tensions, shifts in crude oil values, and upcoming economic data releases, according to market analysts. Traders will monitor manufacturing and services PMI readings from key economies, Eurozone inflation figures, and US employment statistics for indications on Federal Reserve policy direction. Geopolitical factors are likely to stay prominent after US-Iran talks stalled amid heightened military conflict. Gold and silver momentum remains downward and corrective, noted one analyst. On the Multi Commodity Exchange, gold futures for August delivery dropped 2.06 per cent to settle at Rs 1.44 lakh per 10 grams, while silver for September fell 6.4 per cent to Rs 2.23 lakh per kilogram. Persistent US dollar strength weighed on precious metals last week, with gold declining 2 per cent. Crude oil prices dropped nearly 10 per cent, easing inflation worries and reducing gold’s appeal as a hedge. In overseas markets, Comex gold futures fell 3.5 per cent to USD 4,096.3 per ounce, and silver dropped 10.7 per cent to USD 59.67 per ounce. Modest recovery occurred on bargain buying after slower US inflation data, supported by continued purchases from China’s central bank and tariff threats, though higher Treasury yields limited gains. Silver stayed weak due to softer industrial metals and firm dollar. Prices will depend mainly on upcoming US data, Fed comments, and dollar movements.
