📌 Bullions & Energy Update

Advisory Bazaar Info Services

🔹 Bullions

Bullion counter may trade on a mixed path. Gold prices remained stable on Thursday as investors avoided placing big bets ahead of U.S. economic data, which could provide further clarity on the Federal Reserve’s interest rate outlook.

• Gold may trade in the range of 101000 – 102000.

• Silver may trade in the range of 116000 – 118000.

Markets are now eyeing the release of the U.S. PCE Price Index (Fed’s preferred inflation gauge), scheduled for Friday.

According to the CME Fed Watch Tool, there is more than an 88% probability of a 25 bps rate cut in the Fed’s next policy meeting.

New York Fed President John Williams stated that rates could decline at some point, but the decision will depend on incoming economic data.

🔹 Energy

• Crude Oil may trade on a mixed path within the range of 5520 – 5650. Prices slipped on Thursday as traders weighed U.S. fuel demand outlook with the summer driving season nearing its end, while also assessing potential supply shifts as India faces U.S. tariffs on Russian oil imports.

The EIA report showed U.S. crude stocks fell by 2.4 million barrels in the week ended August 22, signaling firm demand ahead of the Labor Day long weekend. However, post-holiday, U.S. demand typically softens.

• Natural Gas may remain volatile and trade in the range of 240 – 260.