Gold, silver outlook: Dollar, US-Iran tensions, RBI policy among key factors to drive prices this week - The Times of India

AI desk brief

Gold and silver are set for another volatile week as the dollar, U.S. Treasury yields and US-Iran tensions drive near-term sentiment, while the RBI’s expected 25bp rate hike adds an Asia-side policy watchpoint. The setup is bearish tactically after bullion’s sharp weekly selloff: MCX December gold fell Rs 2,887, or 2%, to Rs 1.5 lakh/10g, and silver dropped Rs 8,819, or nearly 4%, to Rs 2.25 lakh/kg.

COMEX December gold slid $158.9, or 3.7%, to $4,162.3/oz, while silver fell $4.38, or 6.7%, to $60.41/oz. Analysts cited a stronger dollar, elevated bond yields and broader commodity weakness as the main headwinds, but noted that any renewed escalation in West Asia could quickly reintroduce safe-haven demand; a sustained move in the dollar above 102 or further gains in Treasury yields would likely pressure gold further.