Fed Decision, Oil Prices, and West Asian Tensions Set to Decide Gold and Silver Fortunes

Gold and silver prices are expected to remain volatile in the coming week due to several key events, including the US Federal Reserve's interest rate decision. The Fed's policy meeting will be a crucial event for bullion markets, with investors paying close attention not only to the interest rate decision but also to the Fed's outlook on inflation, economic growth, and future rate cuts.

The recent tensions in West Asia, particularly the US-Iran conflict and shipping activity through the Strait of Hormuz, will continue to be a major driver for bullion prices. Last week, Brent crude briefly crossed the USD 100 per barrel mark after Houthi attacks on Saudi-owned vessels raised fears of supply disruptions.

However, oil prices later eased as investors booked profits, allowing gold and silver to recover towards the end of the week. Analysts believe that any fresh escalation in the region could increase demand for safe-haven assets such as gold.