Gold, silver price outlook: US-Iran tensions, inflation data to set the tone next week - The Times of India

AI desk brief

December Comex gold futures gained 4.5% over the reported week to $4,074.9/oz, while silver rose 5.4% to $51.94/oz, although both faced renewed selling on Friday. JM Financial Services’ Pranav Mer said momentum remained downward ahead of inflation releases across major economies, Fed commentary and US employment data. He attributed early-week pressure to stronger US payrolls and consumer sentiment lifting the dollar and Treasury yields. The article reports fresh US strikes on Iran alongside claimed negotiating progress; further escalation could support haven demand, while diplomatic progress could temper it. The weekly rebound therefore does not establish a sustained turnaround.