Gold, Silver Prices Steer by US Inflation Data, Iran Conflict

Gold and silver prices will be influenced this week by US inflation data, crude oil movements, and geopolitical tensions in West Asia.

Analysts predict that these factors will drive market fluctuations as investors await key economic releases, including the US Consumer Price Index (CPI) inflation report for August 2026 scheduled on September 11.

Last week's declines in gold and silver futures can be attributed to profit booking and stronger-than-expected US jobs data, which boosted expectations of a Federal Reserve interest rate hike later this month.

However, dovish remarks from Fed Governor Christopher Waller and indications that the Iran escalation could be contained pulled back rate-hike expectations, impacting the dollar and bond yields.