US Jobs, Fed Outlook to Dictate Gold and Silver Prices This Week

Gold and silver prices are expected to trade in a narrow range this week as investors await key economic data. The focus will be on US job numbers, including non-farm payrolls and unemployment rates, as well as Federal Reserve interest rate cues.

The US-Iran conflict and crude oil supply stability through key shipping routes will also remain important drivers of market sentiment.

LKP Securities' Jateen Trivedi predicts that MCX gold will trade in the Rs 1.40-1.44 lakh per 10 grams range, with direction dependent on US macroeconomic data and evolving expectations around the Fed's policy path.

Despite a weak US dollar and sharp correction in crude oil prices, gold failed to attract significant buying interest due to cautious investor sentiment.