Commodity Markets Active Amid Safe-Haven Demand
Commodity markets are expected to remain active this week as investors track key US economic data, Federal Reserve signals, dollar movements, and geopolitical developments. Gold and silver continue to benefit from safe-haven demand and expectations of a more accommodative monetary policy.
The outlook remains bullish for gold and silver, while crude oil is also seen as bullish but volatile. Natural gas has a neutral outlook due to comfortable storage levels and mixed weather forecasts.
Gold opened the week flat at $4,376.16, but recovered strongly after buying interest emerged at lower levels. It touched a weekly high of $4,632.22 before closing at $4,602.66, gaining approximately 5.18 percent.