Gold price prediction: Will US-Iran war, crude oil rates impact yellow metal rates? Check technical outlook - Livemint

AI desk brief

Gold and silver are seen staying volatile and range-bound next week, with traders focused on US dollar moves, Treasury yields, Middle East conflict risks and crude oil. MCX gold for Oct settled up 1.04% at ₹1.54 lakh/10g, while Comex Dec gold closed at $4,424.9/oz; silver also firmed, with MCX Dec up nearly 3% to ₹2.41 lakh/kg and Comex silver at $67.15/oz.

Analysts said the Fed’s hawkish dot plot and still-elevated rate expectations kept pressure on non-yielding bullion, but geopolitical tension and energy-flow disruptions offered intermittent safe-haven support. Technically, MCX gold is holding above ₹1.50 lakh/10g with resistance at ₹1.54 lakh–₹1.54.7 lakh, then ₹1.563 lakh–₹1.57 lakh; a break below ₹1.50 lakh would weaken the structure, while Choice Broking flagged a sideways-to-bullish trend with short covering visible in open interest.