Gold Shines, Silver Surges After Two-Day Dip; What's Driving the Rally?

• Gold prices increased today after two consecutive days of decline, with silver also seeing a significant rise.
• On MCX, gold is up by 1338 rupees to 152756 rupees per 10 grams, while silver climbed by 4666 rupees to 233449 rupees per kilogram.
• The rise is attributed to a strong US dollar making dollar-denominated commodities more expensive, and major Asian markets being closed for Lunar New Year.
• Investors await the US Federal Reserve's January meeting minutes for clues on future interest rate policy and monitor US-Iran nuclear talks.
• Experts suggest gold and silver may trade in a limited range, with volatility expected due to US GDP figures, PCE inflation data, and Federal Reserve statements.