Overview

• Gold snapped its longest losing run since mid-June, jumping ₹1,200 to ₹98,670 per 10 grams thanks to stockist buying and a weaker dollar.
• Fed Chair Jerome Powell’s testimony reiterated that rate cuts may not arrive soon, keeping bullion under pressure despite recent gains.
• The US-brokered Israel-Iran ceasefire deflated war risk premiums and global spot gold climbed to $3,346.92 on COMEX.
• Traders will look to forthcoming US nonfarm payrolls, unemployment figures and the ADP report for signals on bullion’s next move.
• Analysts say silver is poised for further gains over the next 6–12 months, driven by strong industrial demand, supply constraints and central bank buying.