Gold Price, Silver Price: Geopolitical uncertainties continue to impact gold and silver prices, with key events shaping market sentiment. This week, China’s PBOC is set to announce its interest rate decision, but investors should also keep an eye on statements from Donald Trump. U.S. markets will be closed on Monday for a holiday.
Japan’s economy outpaced analysts’ expectations in the fourth quarter, driven by a surge in exports, according to preliminary government data released Monday. Gross domestic product (GDP) grew 0.7% quarter-on-quarter, exceeding the 0.3% increase forecasted by economists polled by Reuters. This follows a revised 0.4% expansion in the previous quarter.
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Gross domestic product (GDP) grew 0.7% quarter-on-quarter, exceeding the 0.3% increase forecasted by economists polled by Reuters. This follows a revised 0.4% expansion in the previous quarter.
In the latest geopolitical developments, Israel received a shipment of heavy MK-84 bombs from the United States after President Donald Trump lifted an export block imposed by the Biden administration. The 2,000-pound unguided bomb, capable of penetrating concrete and metal with a wide blast radius, had been withheld by Biden over concerns about civilian impact in Gaza.
Meanwhile, U.S. and Russian officials are set to meet in Saudi Arabia for discussions on ending the nearly three-year war in Ukraine. Ukrainian President Volodymyr Zelenskiy, who met U.S. Vice President JD Vance in Germany, stated that Ukraine was not invited and would not engage with Russia without consulting strategic partners. A Trump envoy also confirmed that Europe would not have a seat at the talks.
Gold and Silver Market Overview
Gold and silver prices saw high volatility, pulling back from their intraday highs due to technical profit-taking and a delay in U.S. trade tariffs. The U.S. President announced plans to impose reciprocal import tariffs but postponed their implementation until April 1. Mixed U.S. economic data also dampened expectations for further interest rate cuts, contributing to price fluctuations.
Despite this, weakness in the dollar index and declining U.S. bond yields provided support for precious metals. Silver prices benefited from strength in industrial metals and renewed hopes for a bailout of Chinese real estate companies. On a weekly closing basis, gold and silver are expected to hold their key support levels of $2,800 and $30.88 per troy ounce, respectively.
Expert Market Outlook
Manoj Kumar Jain, Prithvi Finmart:
Gold is expected to remain volatile due to fluctuations in the dollar index and U.S. trade policies.
Support: $2,872–$2,840 | Resistance: $2,922–$2,950 per troy ounce.
Silver Support: $32.40–$32.16 | Resistance: $33.30–$33.80 per troy ounce.
MCX Gold: Support at ₹84,220–₹83,650 | Resistance at ₹85,100–₹85,550.
MCX Silver: Support at ₹94,750–₹94,000 | Resistance at ₹96,400–₹97,200.
SMC Global Market Outlook
COMEX gold is facing resistance near $2,980 and has support around $2,860. A breakout in either direction could signal the next major trend. Silver prices are expected to trade within the $31.80–$34.60 range. For the domestic market, gold is projected to fluctuate between ₹84,800 and ₹87,900, while silver is likely to move within the ₹92,000–₹1,00,000 range over the coming week.
Pranav Mer, JM Financial:
Gold outlook remains positive with trailing support at ₹84,400, upside potential toward ₹86,850–₹88,500.
Silver remains bullish with trailing support at ₹92,900–₹91,700, targeting ₹105,000–₹110,000
.
Overall, gold and silver are expected to remain highly volatile this week, influenced by geopolitical developments, economic data, and fluctuations in the dollar index.
Big Events of The Week:
Monday, February 17, 2025
US Market Holiday – Presidents’ Day
8:00 PM (US) – Fed Harker Speech
8:50 PM (US) – Fed Bowman Speech
5:20 AM (Japan) – GDP Growth Rate QoQ (Q4 Preliminary)
Tuesday, February 18, 2025
4:30 AM (US) – Fed Waller Speech
11:30 PM (US) – Fed Barr Speech
Wednesday, February 19, 2025
12:30 PM (UK) – Inflation Rate YoY (January)
7:00 PM (US) – Building Permits Prel (January)
7:00 PM (US) – Housing Starts (January)
12:30 AM (US) – FOMC Minutes Release
Thursday, February 20, 2025
6:45 AM (China) – Loan Prime Rate 1Y
6:45 AM (China) – Loan Prime Rate 5Y
7:00 PM (US) – Initial Jobless Claims (Feb 15)
8:05 PM (US) – Fed Goolsbee Speech
8:30 PM (US) – CB Leading Index MoM (January)
Friday, February 21, 2025
1:00 AM (US) – Fed Barr Speech
3:00 AM (US) – Fed Balance Sheet Release
5:00 AM (Japan) – Inflation Rate YoY (January)
8:30 PM (US) – Existing Home Sales (January)
8:30 PM (US) – Michigan Consumer Sentiment Final (February)
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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here
