image sourced from original article at Gold prices climbed more than 1 percent while silver surged around 4 percent, supported by falling oil prices and a weaker dollar. Despite the gains, analysts expect gold to remain range-bound in the near term as traders await clearer signals from ongoing negotiations between the United States and Iran.
Silver is seen maintaining a positive undertone, backed by persistent geopolitical tensions and relatively high energy prices. Market participants are also monitoring key economic data from the United States, including housing statistics, Gross Domestic Product figures, consumer confidence readings, and Personal Consumption Expenditure inflation data.
These indicators are expected to provide further insight into the Federal Reserve's future policy direction, which could influence the trajectory of precious metal prices in the coming weeks.
