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Oil rises as U.S inventories shrink, but recession fears persist.

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Gold hovers below $ 1,800 , recession fears spur some safe haven demand.

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Gold prices remained below key levels on Thursday, but fared somewhat better than the broader metal market as growing fears of a global recession drove some safe haven buying into the yellow metal.

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COMMODITYSUPPORTRESISTANCE
GOLD [3 FEB]5378154113
SILVER [3 MAR]65650.3466644.34
CRUDE OIL [19 DEC]5939.666174.66
NATURAL GAS [27 DEC]457.14484.64
COPPER [30 DEC]697.29706.39
ZINC [30 DEC]277.24287.34

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Oil prices steady after hitting 2022 lows
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