Bullion market: What will guide gold, silver prices this week?

Gold moved in a narrow range as traders monitored talks in the Middle East for signs of progress that would ease pressure on the US Federal Reserve to raise interest rates.

Gold prices were little changed on Monday, while silver outperformed in global markets as investors weighed easing geopolitical tensions against uncertainty over the US Federal Reserve's interest rate outlook.

Gold and silver prices are expected to trade within a narrow range this week. Investors await key US economic data, especially non-farm payrolls, for Fed policy direction. Purchasing managers' index data from major economies will also be closely monitored. Developments…