'Gold, silver extend record run as traders eye inflation data'

Gold and silver prices are poised to maintain their record-setting rally in the coming week as investors focus on global inflation data and key macroeconomic indicators that shape central bank policy paths, analysts said.

- PTI

The spotlight will be on macroeconomic numbers, including inflation readings from India, the US, Europe, and the UK, as well as provisional manufacturing and services PMI data across major economics.

In the US, traders will also track non-farm payroll/ weekly jobless claims, housing data and consumer sentiments, which will also shape the direction of bullion prices, they added.

“Gold and silver’s momentum will remain positive as (traders) focus on key data from China, followed by inflation numbers from India, the US, and the UK, along with provisional manufacturing/ services PMI data from across regions,”