Gold, Silver Outlook: US-Iran Tensions, Inflation Data Key - Rediff MoneyWiz

AI desk brief

December Comex gold futures rose 4.5% over the reported week to $4,074.9/oz, while silver gained 5.4% to $51.94/oz, although both faced Friday selling. JM Financial Services’ Pranav Mer said stronger US payrolls initially pressured bullion through a firmer dollar and higher Treasury yields; analysts attributed the subsequent recovery partly to bargain buying and short-covering. Analysts expect US-Iran developments, inflation releases and Fed speeches to shape the following week. Further escalation could support haven demand, while inflation’s bullion impact would depend on the policy and dollar response; Mer nevertheless described momentum as downward.