Price Movement – Gold and silver are struggling to find fresh momentum, with sentiment weighed down by growing expectations that interest rates will stay higher for longer. Investors are now waiting on comments from US Federal Reserve officials for clearer policy signals.

Geopolitical Tensions – Houthi fighters have pushed to seize strategic high ground in Yemen, aiming to cut off the Red Sea coast from areas still held by Saudi-backed forces. The move follows reports that US President Donald Trump called off planned American strikes on the group at the last minute

Macro-Economic Signals – The Fed raised its policy rate by a quarter point last week and signalled more hikes could follow in the coming months. With little US economic data due this week, markets will be watching Fed officials closely for hints on whether an October rate hike is on the table — alongside movement in crude oil prices.

Technical Triggers

Spot gold is trading in a $4,250–$4,450 (~ Rs 150,000-154,000) range with a bullish bias. Buy on dips near support and sell into rallies. A break above the upper resistance could open the way to $4,600–$4,700 (~ Rs 160,000-165,000).

Spot silver is trading in a $62.5–$67.5 (~ Rs 230,000-242,000) range, also with a bullish bias. The approach is the same: buy dips near support and sell rallies. A break above resistance could take it toward $70–$71 (~ Rs 250,000).

Dr. Renisha Chainani, Chief Research Officer (CRO),Augmont