Gold steady, silver rises over 1%: What’s driving bullion prices - CNBC TV18

AI desk brief

Gold was broadly flat in early Tuesday trade at $4,477.40/oz on COMEX, while silver outperformed with a 1.13% rise to $67.50/oz. Gold traded in a wide $4,426.20-$4,482.50 range and remains pinned between safe-haven support from West Asia tensions and renewed pressure from firmer US rate-hike expectations after stronger jobs data.

The article flags two main drivers: geopolitics and US monetary policy. Brent crude near $97/bbl and fresh Iranian threats are supporting bullion on risk-premium demand, while a two-week-low DXY is offering some offsetting help to dollar-priced metals. A local India read-through shows gold down ₹650 to ₹1.60 lakh/10g and silver unchanged at ₹2.40 lakh/kg on Monday, underscoring how FX and global price swings are feeding through to domestic markets.

Near term, the market is focused on this week’s US PPI/CPI prints for confirmation of the Fed path. A hotter inflation set would likely reinforce the recent rate-hike repricing and cap gold’s upside, while a softer read could revive the dovish trade and reopen the $4,540+ area mentioned in last week’s whipsaw. Silver remains the more volatile beta expression, outperforming today but still sensitive to the same macro inputs.