Fundamental News and Triggers
Gold and Silver recoup half of the losses
- Gold has recovered nearly 15% from recent lows, while silver has rebounded about 25%, as forced liquidations eased and dip buyers stepped in to capitalize on sharply lower prices.
- Geopolitical tensions added to safe-haven demand after the US Navy shot down an Iranian drone in the Arabian Sea, even as markets await a fresh round of nuclear talks scheduled for Friday.
- President Trump signed a spending deal restoring funding for key federal agencies, effectively ending the partial US government shutdown and extending Homeland Security funding until February 13, buying time for further negotiations.
- The US Nonfarm Payrolls report will not be released this Friday; however, the ADP private-sector employment data due Wednesday will offer key insights into labor market conditions.
Technical Triggers
- After achieving target of $5000, Gold prices may extend the ongoing rebound towards $5200 (~ ₹163,000), with strong support at $4,900 (~ ₹150,000).
- Silver is attempting to build a base and is expected to consolidate in the $72–$88 range (~ ₹225,000–₹283,000). If prices sustain above this range, then prices can rally towards $98-100 (~ Rs 320-325000) zone in coming days.
Disclaimer: This report contains the opinion of the author, which is not to be construed as investment advice. The author, directors, and other employees of Augmont Enterprise Private Ltd. and its affiliates cannot be held responsible for the accuracy of the information presented herein or for the results of the positions taken based on the opinions expressed above. The above-mentioned opinions are based on information that is believed to be accurate, and no assurance can be given for the accuracy of the information. The author, directors, other employees, and any affiliates of Augmont Enterprise Private Ltd. cannot be held responsible for any losses in trading. In no event should the content of this research report be construed as an express or implied promise, guarantee, or implication by or from Augmont Enterprise Private Ltd. that the reader or client will profit or that the losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. The information provided in this report is intended solely for informative purposes and is obtained from sources believed to be reliable. The information contained in this report is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. We do not offer any sort of portfolio advisory, portfolio management, or investment advisory services. The reports are only for information purposes and are not to be construed as investment advice.
