Bullion Markets Set for Volatile September Amid US Jobs Data and Geopolitical Tensions

Bullion markets are preparing for another volatile week as investors await key economic indicators and geopolitical developments.

After a sharp correction last week that wiped out ₹6,000 from gold prices, commodity markets are heading into September with traders bracing for another bout of volatility.

The focus will be on US labour data, including non-farm payroll numbers, as well as inflation figures from major economies and the Eurozone. The Federal Reserve's policy expectations will also play a crucial role in determining gold prices.

Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, stated that the coming week is likely to remain highly volatile, with market participants attempting to price in the probability of a September Federal Reserve policy change.