Gold and silver prices increase ahead of the U.S. Federal Reserve's policy review, influenced by global factors.
Summary
Gold and silver prices rose due to positive sentiment before the U.S. Federal Reserve's policy review. The market anticipates volatile trading influenced by dollar fluctuations and signals from the Federal Reserve. Ongoing gold purchases by China and limited silver supply are providing support.
Key Points
- Gold and silver prices opened higher.
- The rise is supported by improved sentiment ahead of the U.S. Federal Reserve's policy review.
- Analysts predict choppy trade influenced by dollar movements and Fed signals.
- China's gold buying and tight silver supply provide downside support.
Full Article
Gold and silver prices opened higher after Monday’s decline, supported by improved sentiment ahead of the U.S. Federal Reserve’s policy review. While global cues and bond yields keep volatility elevated, ongoing gold buying by China and tight silver supply offer downside support. Analysts expect choppy trade driven by dollar movements and Fed signals.