📌 BULLIONS–ENERGY UPDATE

Advisory Bazaar Info Services

🔸 The bullion market may open with a firm tone today. After a mild decline on Tuesday, gold prices remained steady as weaker-than-expected U.S. retail sales data increased expectations of a Fed rate cut. Investors are now awaiting key employment and inflation data.

Gold (Apr): 156,000 – 160,000

Silver (Mar): 254,000 – 266,000

🔸 The January nonfarm payroll data is estimated to show around 70,000 new jobs added. Flat U.S. retail sales in December संकेत slower consumer spending and economic growth momentum at the start of the new year.

🔸 In India, investors made strong inflows into Gold ETFs during January, exceeding equity fund inflows for the first time.

ENERGY UPDATE

🔸 Crude Oil: Mixed trend likely within the range of 5,770 – 5,900. U.S.–Iran talks and geopolitical uncertainty supported prices, while U.S. crude inventories rose by 13.4 million barrels in the week ending February 6.

🔸 Natural Gas (Feb): Sideways trade likely in the range of 277 – 295.