Gold and silver prices are expected to remain stable to strong in the coming week, supported by global uncertainty and cautious investor sentiment. Market participants are closely watching US tariff-related decisions, ongoing geopolitical tensions, and movements in the US dollar and bond yields.
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Why Gold and Silver Are Staying Strong
Gold and silver are known as safe-haven assets. Whenever there is uncertainty in global markets, investors prefer to park their money in bullion. Right now, several global factors are supporting prices:
- Possible US tariff verdicts that could impact global trade
- Rising geopolitical tensions in key regions
- Volatility in equity markets
- Expectations around US interest rates
These factors are helping gold and silver avoid sharp falls, even when profit booking comes in.
Gold silver prices are expected to remain firm next week as traders brace for heightened geopolitical risks and uncertainty around the US Supreme Court’s impending verdict on President Donald Trump’s tariff policy, analysts said.
Market participants will also track inflation data from major economies including the US, India and Germany, alongside trade and investment numbers from China and commentary from US Federal Reserve officials for fresh cues.
“The bullions are expected to continue their positive momentum and corrective moves should be a buying opportunity, as focus again will remain on the US Supreme court hearing in the Trump’s trade tariffs case and the geopolitical issues surrounding US President Donald Trump’s actions & comments,”.
On the Multi Commodity Exchange (MCX), gold futures rose Rs 3,058, or 2.25 per cent, over the past week to settle at Rs 1,38,819 per 10 grams on Friday.
Gold prices remained volatile during the week but ended higher, indicating a firm underlying trend.
“Dollar movement, Federal Reserve’s next moves, inflation and jobs data are going to be the movers for the bullion prices in the short-term,” Mallya said, adding that gold could test Rs 1,41,000 per 10 grams next week from a technical perspective.
In overseas markets, gold futures climbed $171.3, or 4 per cent, during the week to close at $4,500.90 per ounce.
“Gold futures continued their positive momentum and closed the week higher by more than 2 per cent, with prices in the overseas market closing near $4,500 per ounce,”.
Silver also posted strong gains, with MCX futures jumping Rs 16,409, or 6.94 per cent, over the week. The metal hit a record high of Rs 2,59,692 per kg before settling at Rs 2,52,725 per kg on Friday.
In international trade, silver prices rose $8.32, or nearly 12 per cent, to close at $79.34 per ounce.
Bullion prices were supported by safe-haven demand amid elevated geopolitical tensions and mixed global economic data, though intermittent strength in the US dollar capped gains at times. He added that exchange-traded funds continued to see inflows into gold and silver as investors seek portfolio protection.
On the geopolitical front, Mer highlighted rising tensions following the capture of Venezuela’s President and control over the country’s oil flows, escalation in the Russia-Ukraine conflict, unrest in Iran and broader regional frictions, all of which have underpinned safe-haven buying.
MCX Silver’s bullish structure could see prices testing Rs 2,82,000-3,02,000 per kilogram.
With key inflation data due this week and the outcome of the US Supreme Court’s tariff hearing likely to influence risk sentiment, analysts expect bullion markets to remain closely aligned to macroeconomic and geopolitical developments in the near term.
US Tariff Verdict in Focus
The market is keenly waiting for clarity on US trade and tariff policies. Any decision that increases trade tensions could push investors towards gold and silver. On the other hand, a positive outcome may limit sharp upside but is unlikely to cause major price correction.
Geopolitics Supporting Safe-Haven Demand
Ongoing global geopolitical issues are also keeping bullion prices supported. When tensions rise, demand for gold usually increases, as investors look for stability and protection against risk.
What Indian Investors Should Watch
For Indian investors, apart from global cues, rupee movement and import duty factors will also influence domestic gold and silver prices. Experts suggest that prices may move in a range, but downside looks limited for now.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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