Silver and gold are expected to extend their gains next week as investors sought safety in safe-haven assets amid renewed trade tensions following US President Donald Trump’s decision to raise global tariffs and rising geopolitical strains in the Middle East, analysts said.
Market participants will closely watch key economic indicators, including the US Producer Price Index (PPI), consumer confidence data, weekly initial jobless claims and the People’s Bank of China’s lending rate decision, for cues on the direction of precious metals, they added.
“Markets are awaiting the US producer price index (PPI), housing data, consumer confidence, regional Fed indicators, and the People’s Bank of China’s prime rate decision,” Choice Broking said.
The brokerage firm said escalating geopolitical risks and Trump’s move to raise global tariffs after the US Supreme Court’s ruling have revived trade uncertainties and strengthened safe-haven demand for bullion.
On the Multi Commodity Exchange, silv​Silver and gold are expected to extend their gains next week as investors sought safety in safe-haven assets amid renewed trade tensions following US President Donald Trump’s decision to raise global tariffs and rising geopolitical strains in the Middle East, analysts said.
Market participants will closely watch key economic indicators, including the US Producer Price Index (PPI), consumer confidence data, weekly initial jobless claims and the People’s Bank of China’s lending rate decision, for cues on the direction of precious metals, they added.
“Markets are awaiting the US producer price index (PPI), housing data, consumer confidence, regional Fed indicators, and the People’s Bank of China’s prime rate decision,” Choice Broking said.
The brokerage firm said escalating geopolitical risks and Trump’s move to raise global tariffs after the US Supreme Court’s ruling have revived trade uncertainties and strengthened safe-haven demand for bullion.
On the Multi Commodity Exchange, silv ​Latest News [ SOBAN NEWS: International and National ]
