Gold's next test: Fed verdict, crude oil and geopolitical tensions in focus

After ending the previous week on a stronger note, gold and silver are now headed into a week packed with major domestic and geopolitical events. The US Federal Reserve 's interest rate decision, movements in crude oil prices and the evolving US-Iran conflict will be the key drivers for bullion in the days ahead, according to analysts.

Market's attention will not be limited to the Fed as investors will also be tracking US Consumer Confidence data, Core Personal Consumption Expenditures (PCE) inflation figures, weekly jobless claims, and monetary policy announcements from the Bank of England and the Bank of Japan.