Gold price, silver rate predictions: What to expect in February last week? Analysts make bold opinions

Gold price and silver rate are likely to rise in the week starts from Monday, February 22. In the international markets, Comex silver futures increased USD 4.38, or 5.62 per cent to finish at USD 82.34 per ounce, while gold gained USD 34.6, or nearly 1 per cent, to close at USD 5,080.9, during the past week.

Market participants will closely watch key economic indicators, including the US Producer Price Index (PPI), consumer confidence data, weekly initial jobless claims and the People's Bank of China's lending rate decision, for cues on the direction of precious metals, analysts said. Investors sought safety in safe-haven assets amid renewed trade tensions following US President Donald Trump's decision to raise global tariffs and rising geopolitical strains in the Middle East, they said.

"Markets are awaiting the US producer price index (PPI), housing data, consumer confidence, regional Fed indicators, and the People's Bank of China's prime rate decision," Choice Broking said.


The brokerage firm said escalating geopolitical risks and Trump's move to raise global tariffs after the US Supreme Court's ruling have revived trade uncertainties and strengthened safe-haven demand for bullion.

Prathamesh Mallya, DVP - Research, Non-Agri Commodities and Currencies, Angel One, said renewed tensions in the Middle East, the Russia-Ukraine conflict, and broader market volatility have driven some investors towards gold as a hedge against uncertainty.

Choice Broking noted that increased post-Lunar New Year liquidity and firm industrial demand from solar and aluminium segments have also lent strength to silver's performance.

"Gold ended the week on a strong note, breaking above USD 5,080 per ounce after a landmark Supreme Court of the United States ruling against global tariffs reignited volatility and safe-haven demand. The ruling, combined with mounting US-Iran tensions, has reintroduced a geopolitical risk premium that spurred silver's rebound," Choice Broking said.

It added that while the dollar initially weakened to 97.8, it rebounded after President Trump announced a 10 per cent global tariff through executive order and thereafter announced to increase the tariffs to 15 per cent, keeping investors wary and bullion supported.

"Additional support came from heightened tensions in the Middle East, including a significant US military deployment near Iran, which further lifted bullion's appeal," the brokerage added.