Gold and silver prices: Analysts warn of volatility ahead
Fed decision, crude oil, West Asia tensions key driver for gold, silver next week, analysts say
Gold and silver prices are expected to remain volatile in the coming week, with key drivers including the US Federal Reserve's interest rate decision, crude oil movements, the US dollar, and developments in the US-Iran conflict, according to analysts. The September 15-16 meeting of the Federal Open Market Committee (FOMC) will be the primary global event for bullion markets, with the Fed policy and Chair Kevin Warsh's commentary likely to set the tone for precious metals.
Analysts predict that any moderation in crude prices or a less hawkish stance by the US Federal Reserve could support a recovery in gold, while renewed strength in crude oil or a hawkish policy signal may trigger fresh selling.
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