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Gold, silver set to stay firm next week as traders brace...

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 11: Gold and silver prices are expected to sustain positive momentum next week amid heightened geopolitical tensions and the uncertainty surrounding the US Supreme Court’s impending decision on President Donald Trump’s tariff policy, analysts said. The release of inflation data from major economies, including the US, India, and Germany, along with trade and investment numbers from China and commentary from some Federal Reserve officials, will also be closely watched by the traders, they added. “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,” Pranav Mer, Vice President, EBG – Commodity & Currency Research, JM Financial Services Ltd, said.

Gold, silver set to stay firm next week as traders brace...

Credit: Dailyexcelsior

Key Highlights

  • On the Multi Commodity Exchange (MCX), gold futures climbed by Rs 3,058, or 2.25 per cent, over the past week and settled at Rs 1,38,819 per 10 grams on Friday.
  • Gold prices on the MCX have been volatile this week; however, the trend remains firm as prices closed positively at the end of the week, and the precious yellow metal ended at around Rs 1,38,800 per 10 grams level, Prathamesh Mallya, DVP – Research, Non-Agri Commodities and Currencies, Angel One, said.
  • 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, he added.
  • From a technical perspective, Mallya expects gold to move higher towards Rs 1,41,000 per 10 grams next week.
  • In the international market, gold futures jumped by USD 171.3, or 4 per cent, over the week to finish at USD 4,500.90 per ounce on Friday.
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Sources

  1. Gold, silver set to stay firm next week as traders brace...

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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