Business
Gold Prices Under Focus in Holiday-Shortened Week
Gold and Silver may face some selling pressure in the holiday-shortened trading week as investors closely monitor geopolitical and monetary developments, analysts said.
Market participants are tracking the progress of peace talks between the United States and Iran, along with movements in crude oil prices and the upcoming policy decision of the Federal Reserve.
Domestic commodity markets in India will remain closed on Friday on account of Maharashtra Day.
Analysts said any breakthrough in US-Iran talks could influence global oil prices, which in turn may affect bullion prices and wider financial markets.
Gold and silver often react to interest rate expectations, inflation outlook, currency movements, and geopolitical risk sentiment.
Traders are expected to remain cautious through the week amid multiple global triggers.