Gold and silver prices are expected to remain influenced by developments in US-Iran negotiations, movements in crude oil prices, and a packed schedule of global economic data next week, according to market analysts.
As of June 21, 2026, spot gold was trading near $2,330 per ounce, while silver was around $29.50 per ounce. The US dollar index remained steady near 105.5, capping gains in precious metals.
Key data releases include US GDP revision, durable goods orders, and weekly jobless claims. The Federal Reserve's preferred inflation gauge, the PCE price index, is also due, which could impact rate cut expectations.
Analysts note that any escalation in US-Iran tensions could boost safe-haven demand for gold, while a breakthrough in talks might reduce geopolitical risk premium. Crude oil prices near $80 per barrel also influence inflation outlook and metal prices.
Market participants will also monitor comments from Fed officials for clues on monetary policy direction. Silver may outperform gold if industrial demand picks up, but both metals face headwinds from a strong dollar and higher bond yields.
