Gold and Silver Prices Poised for Further Gains Amid Key Economic Data Releases

Gold and silver prices are expected to maintain their upward momentum next week, but profit-booking at higher levels may moderate the rally.

The US Core Personal Consumption Expenditures (PCE) inflation data and second-quarter GDP figures will be among the major triggers for bullion prices in the coming week.

Analysts point out that a weaker US dollar has helped boost demand for dollar-denominated precious metals, while softer US bond yields have also contributed to the rally.

The recent gains in gold and silver were supported by renewed buying interest, improving liquidity conditions, and safe-haven demand.