📌 Bullion Update

Advisory Bazaar Info Services

The bullion counter may open with a mixed trend today. Gold prices declined on Thursday as a strong U.S. dollar and better-than-expected January employment data weakened expectations of a near-term interest rate cut. Meanwhile, investors are awaiting inflation data due on Friday, which may provide signals on future monetary policy.

🔸 Gold (April): expected to trade in the range of 150,000 – 160,000

🔸 Silver (March): expected to trade in the range of 256,000 – 273,000

Following the strong employment report, the U.S. Dollar Index strengthened, indicating resilience in the U.S. economy. A stronger dollar makes metals more expensive for holders of other currencies.

In January, U.S. job growth exceeded expectations and the unemployment rate fell to 4.3%. However, the largest payroll increase in 13 months may overstate the true labor-market condition, as revised data shows that only 181,000 jobs were added in 2025, compared with the earlier estimate of 584,000.

Energy Update

Crude oil (February) may remain mixed and trade in the range of 5,820 – 5,960. Oil prices rose slightly Thursday morning due to concerns over rising tensions between the U.S. and Iran.

Diplomats from both countries held indirect talks in Oman last week, while the date and venue for the next round of talks have not yet been announced.

Strong U.S. employment data indicated economic strength, but a large increase in U.S. crude inventories limited the upside in prices.

According to the Energy Information Administration (EIA), U.S. crude stockpiles rose by 8.5 million barrels last week to 428.8 million barrels.

Natural gas (February) may remain range-bound and trade between 282 – 298.