Investors Await Key Economic Data
Traders are now turning attention to this week’s economic indicators for confirmation of the Fed’s stance. The ADP Non-Farm Employment Report due Wednesday, alongside ISM Services PMI, could provide critical insight into labor strength and inflation persistence.
Earlier Monday, the ISM Manufacturing PMI came in weaker at 48.7, below the 50-point threshold that separates expansion from contraction, while ISM Manufacturing Prices rose to 58.0, signaling ongoing cost pressures. Vehicle sales also softened, falling to 15.3 million from 16.4 million, adding to concerns about consumer demand.
With several FOMC members, including Bowman, Daly, and Cook, scheduled to speak this week, markets may see further volatility depending on their commentary on inflation and growth.
Short-Term Forecast
Gold is expected to trade between $3,885 and $4,045, consolidating amid Fed uncertainty, while silver may remain under pressure near $47.50–$48.20, facing limited upside without stronger demand cues.
