Gold, silver under pressure this week as US-Iran conflict, oil rally cloud outlook

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Representative image Gold and silver are expected to remain under pressure this week as investors assess the impact of the escalating conflict in US-Iran, elevated crude oil prices and a series of key global economic data releases that could influence the outlook for interest rates. According to market experts, traders will closely track developments in the US-Iran conflict, US weekly jobless claims, flash Purchasing Managers’ Index (PMI) data, as well as monetary policy decisions and economic indicators from Europe and China for fresh cues. The uncertainty comes after the US military carried out fresh airstrikes on Iran on Sunday following…

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