Mumbai: Gold prices are expected to remain in a consolidation phase for the third consecutive week, with traders monitoring major global economic indicators and policy events, including the US Supreme Court’s tariff hearing on November 5. Analysts said volatility could persist as the market digests multiple factors influencing bullion prices.

Key Global Triggers in Focus

The focus this week will be on global manufacturing and services PMI data, China’s trade and growth numbers, and US macro releases such as ADP non-farm payroll, consumer sentiment, and inflation expectations. “The tariff hearing outcome could trigger significant market reactions, depending on its direction,” said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services.

MCX Gold Corrects S

See Full Page