Bullion Markets Eye US-Iran Tensions And Global Inflation Data

Gold and silver finished the week higher in both domestic and international markets, though analysts note the outlook remains uncertain. Bullion prices are expected to face upcoming pressure from a combination of inflation reports, crude oil shifts, and geopolitical developments.

Investors are closely watching inflation readings from major economies, including the US, China, Germany, Japan, and India, alongside upcoming US Federal Reserve commentary and employment figures. Meanwhile, ongoing US-Iran tensions and potential diplomatic resolutions continue to influence market sentiment.

Domestic bullion prices could experience moderate fluctuations driven by international trends and currency shifts, alongside local festive demand surrounding Diwali. On the Multi Commodity Exchange, December gold futures rose nearly three percent, while silver futures climbed over three percent.

In overseas markets, December gold futures on Comex advanced 4.5 percent, and silver futures increased by 5.4 percent. Analysts pointed out that bargain buying, short-covering, and safe-haven demand prompted by declines in tech stocks helped support the weekly recovery.