Analysts project continued firm demand amid anticipated soft employment data later this week. Volatility indexes for gold rose to 14.2, hinting at potential breakout moves. While gold’s greater scarcity and monetary use naturally dictate its higher valuation, a powerful combination of favourable investment trends, surging industrial demand, and persistent supply bottlenecks suggests that silver is primed for a significant rally to reduce the value gap. And even gold’s current rally has seen some volatility. While still up significantly overall since the start of the year, there’s been a handful of short stretches with losses. Gold prices fell for several days following Trump’s sweeping “Liberation Day” announcement on April 2, for example. The short-term forecast for gold futures remains mildly bullish, supported by robust global ETF inflows. Economists argue that consistent fund demand provides a floor near $2,330 for Q2 trading.
