# West Asia tensions, Fed minutes to shape gold, silver prices 2026-08-16T16:12:20+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets Gold and silver prices are expected to stay positive but highly volatile next week, driven by West Asia developments and global economic data, analysts said. Market participants will track US housing and trade data, inflation figures from the UK, Eurozone and Japan, and China's economic indicators. The minutes of the Federal Reserve's FOMC meeting will be watched for signals on US monetary policy, both thehindubusinessline.com and Rediff report. Pranav Mer of JM Financial Services said gold and silver could move towards Rs 1.57 lakh per 10 grams and Rs 2.54 lakh per kg. On the Multi Commodity Exchange (MCX), gold futures for October delivery rose nearly 2% last week to close at Rs 1.54 lakh per 10 grams. MCX silver for September gained 1.9% to Rs 2.35 lakh per kg. Internationally, Comex gold for December rose nearly 1% to $4,437.3 per ounce, and silver went up 2.5% to $65.11 an ounce in New York. Bullion prices found support as traders reduced bets on a September Fed rate hike after weaker non-farm payroll data and steady inflation. Safe-haven demand also supported gold amid the West Asia conflict and US-Iran tensions over the Strait of Hormuz. Jateen Trivedi of LKP Securities said the US dollar, interest-rate expectations and geopolitical developments remain key drivers. MCX gold has gained nearly 9.5% in August, making consolidation and profit-booking likely in the near term. ## Coverage - thehindubusinessline.com - rediff.com This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-08-16T16:26:48+00:00. Tags: Comex, Federal Reserve, Jateen Trivedi, Pranav Mer, West Asia Canonical: https://indianopinion.org/gold-silver-to-stay-positive-on-west-asia-fed-cues/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/gold-silver-to-stay-positive-on-west-asia-fed-cues/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/