Gold, Silver Prices Surge: What's Driving the Spike and What's Next?

• Gold and silver prices saw a significant increase today after two days of decline.
• On MCX, gold rose by 1,338 rupees to 152,756 rupees per 10 grams; silver climbed by 4,666 rupees to 233,449 rupees per kilogram.
• The surge is attributed to a strong US dollar, making dollar-denominated commodities more expensive for international investors.
• Lunar New Year holidays in major Asian markets and anticipation of US Federal Reserve meeting minutes are also influencing prices.
• Experts predict prices may remain range-bound, with volatility driven by US GDP, PCE inflation data, and Fed officials' statements.