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ld demonstrated a 0.46% increase, closing at 62735, primarily influenced by concerns about the weakening U.S. labour market. In January 2024, the private sector added 107,000 jobs, falling short of the expected 148,000, according to ADP (NASDAQ:ADP)’s report. The disappointing job gains, coupled with a continued easing in wage pressures, could contribute to maintaining inflation at manageable levels. This economic backdrop has supported gold‘s appeal as a safe-haven asset. The World Gold Council (WGC) anticipates subdued gold demand in India during the first quarter of 2024, driven by lower jewellery sales.
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| Commodity | Resistance | Support |
| Gold | 63221 | 62694 |
| Silver | 72542 | 71952 |
| Crude Oil | 6407 | 6218 |
| Natural Gas | 179.8 | 174.6 |
| Copper | 736.2 | 730.3 |
| Zinc | 226.9 | 223.5 |
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| Commodity | Resistance | Support |
| Gold | 63221 | 62694 |
| Silver | 72542 | 71952 |
| Crude Oil | 6404 | 6218 |
| Natural Gas | 179.8 | 174.6 |
| Copper | 736.2 | 730.3 |
| Zinc | 226.9 | 223.5 |
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