Lagatar24 Desk
Gold and silver are expected to extend their record-breaking rally as traders look ahead to a crucial week of global inflation data and macroeconomic indicators. Analysts say upcoming numbers from India, the US, Europe and the UK will heavily influence central bank policy expectations and determine whether bullion’s momentum can continue.
Gold Extends Rally on Fed Signals and Weak Dollar
Gold futures on the MCX surged to lifetime highs last week, buoyed by expectations of further liquidity support and a softer dollar following US Federal Reserve rate cuts. Analysts note that geopolitical tensions, currency volatility and a sharp sell-off in US treasuries have strengthened gold’s safe-haven appeal. The weakening rupee has also amplified domestic returns, drawing more Indian investors toward the metal as a foreign-exchange hedge.
Silver Outperforms with Strong Global and Domestic Demand
Silver prices continued their robust ascent, hitting record domestic and global highs before easing slightly on profit booking. Analysts highlight strong ETF participation in India, speculative buying in China and firm industrial demand from sectors such as solar and electronics. Despite short-term volatility, silver prices remain supported by declining yields, ample liquidity and expectations of continued central-bank accumulation.
