Gold and silver prices are likely to witness sharp swings next week as traders weigh key economic data and brace for heightened geopolitical uncertainty after US forces captured Venezuelan President Nicolas Maduro, analysts said.
Investors will focus on key US data points, including ISM Manufacturing, December ADP employment numbers, and the unemployment rate, along with comments from a slew of Federal Reserve officials that could provide cues on the central bank’s monetary policy outlook and near-term direction for bullion prices, they added.
“Gold prices are likely to remain volatile in the week ahead as there are bullish as well as bearish factors at play,” Prathamesh Mallya, DVP – Research, Non – Agri Commodities and Currencies, Angel One, said.
According to experts, commodities markets are expected to see aggressive trading on Monday, reflecting volatile geopolitics after the US captured Venezuelan President Nicolas Maduro and his wife in a military operation on Saturday, …​Gold and silver prices are likely to witness sharp swings next week as traders weigh key economic data and brace for heightened geopolitical uncertainty after US forces captured Venezuelan President Nicolas Maduro, analysts said.
Investors will focus on key US data points, including ISM Manufacturing, December ADP employment numbers, and the unemployment rate, along with comments from a slew of Federal Reserve officials that could provide cues on the central bank’s monetary policy outlook and near-term direction for bullion prices, they added.
“Gold prices are likely to remain volatile in the week ahead as there are bullish as well as bearish factors at play,” Prathamesh Mallya, DVP – Research, Non – Agri Commodities and Currencies, Angel One, said.
According to experts, commodities markets are expected to see aggressive trading on Monday, reflecting volatile geopolitics after the US captured Venezuelan President Nicolas Maduro and his wife in a military operation on Saturday, … ​Latest News [ SOBAN NEWS: International and National ]
