Gold and Silver Prices Face Volatility Amid US Jobs Data and Iran Tensions
· Business · Economic Times, The Independent
Gold and silver futures on the Multi Commodity Exchange (MCX) saw significant declines last week, with gold falling 3.8% to Rs 1.56 lakh per 10 grams and silver dropping 4% to Rs 2.36 lakh per kilogram. Analysts attribute the downward pressure to profit booking following commentary from Federal Reserve Chair Kevin Warsh regarding inflation and monetary policy. Commodity markets are now bracing for further volatility as traders monitor upcoming US non-farm payroll data and manufacturing PMI figures from major economies. Geopolitical tensions involving Iran and shifting expectations for a September Federal Reserve policy change are also influencing investor sentiment. The market remains focused on how these global economic indicators will shape investment strategies throughout September.
Why it matters
The volatility in bullion prices directly impacts Indian investors and consumers, as domestic gold and silver rates are heavily influenced by global geopolitical tensions and US monetary policy shifts. These fluctuations determine the cost of precious metals for retail buyers and affect portfolio valuations for market participants.
Read the original report — Economic Times
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