📌 BULLIONS MARKET UPDATE

Advisory Bazaar Info Services

🔸 The bullion market may open on a firm note today. Last week, gold and silver witnessed sharp volatility amid weak safe-haven demand, profit booking, and rising uncertainty over U.S. monetary policy, but prices have recovered again.

🔸 Gold (April) may trade in the range of 154,000 – 160,000.

🔸 Silver (March) may trade in the range of 245,000 – 266,000.

🔸 On Monday, gold moved above $5,010 per ounce, marking a more-than-one-week high. Investors are now focused on upcoming U.S. economic data, which could provide signals on the future direction of Federal Reserve interest rates.

🔸 The January jobs report on Wednesday and inflation data on Friday will be crucial in determining market direction.

ENERGY MARKET

🔹 Crude oil (February) may trade weak in the range of 5,650 – 5,850.

Oil prices declined on Monday after the U.S. and Iran agreed to continue talks regarding the nuclear program, easing concerns about potential supply disruptions in the Middle East.

🔹 Following positive discussions in Oman, both countries agreed to continue indirect negotiations despite differences.

🔹 However, investors remain cautious as nearly one-fifth of global oil supply passes through the Strait of Hormuz, located between Oman and Iran.

🔹 Natural gas (February) may remain weak in the range of 296 – 307.