Gold likely to extend gains; silver may ease: Analysts

Gold price is expected to maintain its upward momentum in the coming week, driven by safe-haven demand and expectations of policy easing by the US Federal Reserve, while silver may witness consolidation after a stellar rally, according to analysts.

Investors' attention will turn to a string of key global macroeconomic data, including inflation figures from major economies, as well as the Personal Consumption Expenditures (PCE) index, GDP growth, PMI readings and jobless claims, which will provide fresh cues on the Fed's policy outlook, they said.

"The focus will be on the upcoming economic numbers from China - crucial from an industrial metals perspective. Among other developments, US President Donald Trump's speech at the World Economic Forum and the Supreme Court judgement on trade will be most important to watch," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said.