New Delhi, July 6: Gold prices remained steady in early trade on Monday, while silver edged lower as global investors adjusted their expectations of future interest rate hikes by the US Federal Reserve.
Market analysts said gold held firm due to cautious global sentiment and continued demand for safe-haven assets amid economic uncertainty. In contrast, silver witnessed mild pressure due to profit booking and shifting investor sentiment.
Traders noted that easing expectations of aggressive monetary tightening in the United States have influenced movement in precious metals, as investors reassess growth and inflation trends.
Experts added that upcoming economic data and comments from the Federal Reserve will play a key role in determining the next direction for bullion prices.
Overall, the precious metals market remains sensitive to global policy signals and macroeconomic developments.
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