Commodity markets are expected to remain volatile and largely event-driven in the week, influenced by key central bank decisions and macroeconomic data releases.
-
Key triggers to watch
-
US FOMC interest rate decision and policy statement
-
US GDP and Core PCE inflation data
-
US Federal Reserve stance (hawkish vs dovish)
-
ECB and Bank of England policy decisions
-
China PMI data
-
A hawkish Fed stance may pressure precious metals, while softer signals could support gold and silver.
Overall, commodities are likely to trade with a volatile, data-driven bias, with metals reacting to US data and crude oil and gas tracking supply-demand trends.
Gold outlook
Gold opened at $4,792.17, below the previous close of $4,837.49, indicating a gap-down of 0.94 percent. Selling pressure persisted, with prices closing at $4,708.62, down 2.66 percent for the week.
-
Key levels
-
Outlook
-
Weakness persists below $5,045
-
Downside risk toward $4,405
-
Recovery above resistance may stabilise trend
-
Silver outlook
Silver opened at $79.55 versus the previous close of $80.78, a gap-down of 1.52 percent. Prices declined sharply to close at $75.66, down 6.34 percent.
-
Key levels
-
Outlook
-
Continued weakness below $84.50
-
Downside risk toward $72.50
-
Recovery above resistance may offer short-term stability
-
Crude oil outlook
Brent crude opened at $96.12, above the previous close of $92.41, marking a gap-up of 4.01 percent. Strong buying lifted prices to $99.92, up 8.13 percent for the week.
-
Key levels
-
Outlook
-
Bullish momentum above $92.30
-
Upside potential toward $107.40
-
Break below support may trigger profit booking
-
Natural gas outlook
Natural gas opened at $2.82, slightly above the previous close of $2.81. Prices faced steady selling pressure and closed at $2.74, down 2.38 percent.
-
Key levels
-
Support: $2.62; $2.40
-
Resistance: $2.90; $3.07
-
-
Outlook
Note: Research support for this article was provided by Research Desk, MyEquityLab.com, a SEBI-registered Research Analyst (Registration No. INH000023843).
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Readers are advised to consult a qualified financial advisor and conduct their own due diligence before making any investment decisions.
