📌 Bullion Market Update

Advisory Bazaar Info Services

🔻 On Friday, gold prices came under pressure due to a stronger US dollar, which may lead to mild weakness at the bullion counter. However, amid persistent geopolitical and economic uncertainties, rising safe-haven demand is pushing gold toward its largest monthly gain since 1980.

🔹 Gold (April): 170,000 – 185,000

🔹 Silver (March): 360,000 – 395,000

💵 The Dollar Index recorded slight strength, supported by the Federal Reserve’s decision to keep interest rates unchanged. Despite this, the dollar is heading toward its second consecutive weekly loss.

According to US data released on Thursday, weekly jobless claims declined, indicating fewer layoffs. However, weak hiring trends have kept consumer sentiment toward the labor market subdued.

🇨🇭 As per Swiss customs data, gold exports from Switzerland rose 27% month-on-month in December. Shipments to the UK reached their highest level since August 2019.

🛢 Crude Oil (February): 5850 – 5960

Crude oil prices may trade with a downward bias. However, due to escalating tensions in the Middle East, oil prices are heading toward their strongest monthly gain in years. Fears of supply disruption persist amid the possibility of US action against Iran.

US military activity in the region has increased. President Donald Trump has warned Iran to return to negotiations on the nuclear deal, while Tehran has signaled a strong response.

🇰🇿 Kazakhstan reported that the Tengiz oil field is being gradually restarted. Around 7.2 million barrels of production were affected due to three mysterious fires earlier this month.

🔹 Natural Gas (February): 342 – 360

Natural gas prices may remain range-bound with a mixed trend.