Gold Prices to Remain Range-Bound Ahead of US Job Data

Gold and silver prices are likely to remain range-bound this week as investors await key economic data from the US, including the non-farm payrolls report.

The US Federal Reserve's interest rate outlook remains a major concern for bullion markets, with policymakers providing little clarity on future policy moves.

Jateen Trivedi, VP Research Analyst at LKP Securities, predicts that MCX gold will trade in the Rs 1.40-1.44 lakh per 10 grams range due to US macroeconomic data and evolving expectations around the Fed's policy path.

Despite a weak US dollar and falling crude oil prices, gold failed to attract significant buying interest, indicating cautious investor sentiment.