Gold and silver prices may extend their decline in the coming week as bearish momentum persists, with investors tracking geopolitical developments, the US midterm election outcome and key economic data for cues on the direction of precious metals, analysts said. Manufacturing and services PMI data from major economies, eurozone inflation figures, and US unemployment and nonfarm payrolls data later in the week will also be in focus, they added. "In the week ahead, all eyes will be on the US midterm election results on November 3, and President Donald Trump's actions after that," said Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd.
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