Gold, silver outlook: Inflation data and geopolitical tensions likely to drive prices this week - Social News XYZ

AI desk brief

December COMEX gold futures rose $176, or 4.5%, over the reported week to $4,074.90/oz, while silver gained $2.60, or 5.4%, to $51.94/oz. Analysts attributed early weakness to stronger-than-expected US payrolls and improving consumer sentiment, which strengthened the dollar and lifted Treasury yields; they credited the subsequent recovery to bargain buying and short-covering. The coming week's focus includes major-economy inflation releases, US labour data and Federal Reserve commentary. US-Iran tensions and Russia-Ukraine negotiations could affect safe-haven demand, but the report establishes no clear near-term direction for bullion.