Gold, Silver Outlook: Investors cautious on gold, silver in no trade zone - Key levels to watch

Gold and silver are expected to remain volatile as investors weigh Middle East geopolitical tensions against expectations that the U.S. Federal Reserve will keep interest rates higher for longer. Spot gold rose 1.6 percent to USD 4,139.64 per ounce while spot silver climbed 1.9 percent to USD 59.87, recovering from last week's sharp selloff where gold fell around 3 percent and silver dropped nearly 8 percent. Analysts describe the near-term outlook as cautious-to-bearish, with key support levels at USD 3,950-4,000 for gold and USD 50-55 for silver, ahead of the Fed policy meeting next week.