Gold, silver prices rebound after weekly rout: Is the worst over for bullion - CNBC TV18

AI desk brief

Gold and silver rebounded modestly in early Asian trade after a sharp weekly selloff, with COMEX gold at $3,919.70/oz, up $20.80 (+0.53%), and silver at $49.905/oz, up $0.629 (+1.28%). The move follows heavy liquidation last week: December COMEX gold fell nearly 3% to $3,898.90/oz and silver dropped about 9% to $49.27/oz, while MCX December gold and silver closed lower by 2.5% and 8.5%, respectively.

The article points to forced selling and margin-related liquidation after a selloff in US tech stocks, alongside shifting Fed rate expectations and elevated Brent crude above $110/bbl. Analysts say the near-term path for bullion will hinge on US jobs data, inflation, election-related uncertainty, and any escalation involving the US, Israel and Iran, with higher oil reinforcing inflation fears and keeping safe-haven demand active.