📊 Bullion Update

Advisory Bazaar Info Services

Gold & Silver may continue to remain firm.

🔸 Gold is trading near record highs, touching around $5,600/oz.

🔸 Silver is hovering near the crucial $120/oz level.

🔹 Gold (Apr): 187,000 – 195,000

🔹 Silver (Mar): 400,000 – 420,000

Reasons for the uptrend:

• Strong safe-haven demand

• Continuous buying by central banks

• Weak US dollar

• Rising geopolitical tensions, especially between the US and Iran, providing additional support

🛢 Energy Update

🔹 Crude Oil (Feb)

• Bullish bias intact

• Expected range: 5,840 – 5,980

• Crude prices have risen for the third consecutive day on fears of supply disruptions in the Middle East

• Iran is the 4th largest OPEC producer, with production of around 3.2 mbpd

• US crude inventories fell by 2.3 million barrels

🔹 Natural Gas (Feb)

• Strength likely to continue

• Expected range: 342 – 362