Gold and Silver Prices Set for Volatile Week Amid Economic Data and Geopolitical Tensions

Gold and silver prices will likely remain volatile this week as traders focus on key economic data releases and geopolitical tensions. The US non-farm payrolls and unemployment data, due for release during the holiday-shortened week, will be closely watched to assess expectations around the Federal Reserve's October policy decision.

A stronger employment reading could reinforce rate-hike bets and put pressure on gold, while weaker employment data may cool those expectations and support bullion through a softer dollar, according to Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities. The broader outlook remains cautious with volatility likely to stay elevated.

Other key releases this week include consumer confidence, GDP, and PCE inflation readings from the US, along with Eurozone inflation data. Manufacturing PMIs and speeches from Federal Reserve officials will also provide cues for bullion sentiment.