Gold Prices Eye Volatility Ahead of Fed Decision on US Jobs Data

Gold and silver prices are bracing for fresh swings in September as investors focus on key economic indicators, including US jobs data and inflation figures.

The US Federal Reserve's policy change decision is expected to play a crucial role in determining the market volatility, with analysts predicting that the coming week will be highly volatile.

Gold futures for October delivery on the Multi Commodity Exchange (MCX) fell by Rs 6,157 or 3.8 per cent last week, while silver futures for September contract declined by Rs 9,893 or 4 per cent.

Jateen Trivedi, VP Research Analyst at LKP Securities, stated that the combination of dollar movement, labour-market data, Fed expectations and geopolitical headlines will determine whether gold stabilises after the recent correction or enters another phase of profit booking.