Gold, silver price: Will the decline persist this week? Analysts point to these factors

Gold and silver prices could keep declining this week as bearish momentum is expected to continue, analysts have pointed out. An important development this week will be the US midterm elections, publication of some key economic data and the state of the West Asia crisis.

Kolkata: Will gold and silver prices continue their decline, this is one of the most significant questions as we stand at the peak of the festive season when the consumption of gold and silver go up with Dhanteras and Diwali arriving and the wedding season just round the corner. Analysts have pointed to a few crucial developments this week, the primary being the outcome of the US midterm elections where the Republican party could suffer reverses in the biggest economy in the world.

Crucial economic data awaited

Gold and silver prices don’t operate in a vacuum and actually respond to other economic data. This week these are going to be manufacturing and........

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