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Gold prices fell sharply amid dollar strength following a jobs report showing the US\neconomy created more jobs than expected in January, while signs of wage growth lifted investor\nexpectations for a faster pace of rate hikes. The Labor Department said Friday, U.S. non-farm\npayrolls rose by 200,000 jobs iŶ JaŶuarLJ. That ďeat eĐoŶoŵists’ foreĐasts for ϭ84,ϬϬϬ Ŷeǁ\njobs. While unemployed remained at unchanged on the prior month at 4.1%. BNP Paribas\nrevised upward its assessŵeŶt of Đore PCE iŶflatioŶ, the Fed’s preferred ŵeasure of iŶflatioŶ, to\n2.2% from 2.0% previously, and said it expects the Fed to raise rates four times in 2018\ncompared to the prior estimate of just three hikes.

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daily market wrapup

DAILY MARKET WRAPUP

COMMODITY

OPEN

HIGH

LOW

CLOSE

SILVER

38693

38861

38572

38676

GOLD

30650

30839

30650

30801

CRUDEOIL

3937

3963

3892

3939

NETURALGAS

165.00

166.20

163.40

165.50

ZINC

230.00

231.85

229.30

230.50

LEAD

168.00

169.75

167.50

167.55

ALLUMINIUM

137.00

142.10

135.55

141.35

COPPER

458.40

464.10

458.10

460.80

NICKEL

898.00

907.00

879.60

881.60

Contact No. +91-903-977-7700

www.moneyclassicresearch.com

commodity news

COMMODITY NEWS



economy created more jobs than expected in January, while signs of wage growth lifted investor

expectations for a faster pace of rate hikes. The Labor Department said Friday, U.S. non-farm

payrolls rose by 200,000 jobsi? Ja?uar?. That ?eat e?o?o?ists’ fore?asts for ?84,??? ?e?

jobs. While unemployed remained at unchanged on the prior month at 4.1%. BNP Paribas

revised upward its assess?e?t of ?ore PCE i?flatio?, the Fed’s preferred ?easure of i?flatio?, to

2.2% from 2.0% previously, and said it expects the Fed to raise rates four times in 2018

compared to the prior estimate of just three hikes.

 Crude oil prices settled lower as data pointing to signs of rising output weighed on sentiment

while a rebound in the dollar added to downside momentum. The number of oil rigs operating

in the US rose by six to 765, the highest level since Aug. 11, according to data from energy

services firm Baker Hughes. That added to ongoing fears that rising output may weigh on oil

prices as US output reached 10 million barrels per day last week, according to data from the

Energy Information Administration. Also adding to pressure on oil prices was dollar strength on

nonfarm payrolls data showing wage growth improved, fueling expectation for a faster pace of

rate hikes the? is ?urre?tl? pri?ed i? ?ith so?e a?al?sts e?pe?ti?g the Federal Reser?e’s ?dot

plots,? to sho? four rate i??reases for this ?ear rather than the current three rate hikes.

Gold prices fell sharply amid dollar strength following a jobs report showing the US

gold technical update

GOLD TECHNICAL UPDATE

MCX GOLD APRIL 2018

Researcher View

The above Daily chart of Gold suggests that prices have move up side after breakout

Resistance level. RSI is in buy mode. We expect prices to correct up to levels of 31240

crudeoil technical update

CRUDEOIL TECHNICAL UPDATE

MCX CRUDEOIL MARCH 2018

Researcher View

The above Daily chart of Crude oil suggests that prices have reversed after taking Support level. RSI is

in buy mode. We expect prices to correct up to levels of 3780