Market Outlook

• Gold futures for February delivery fell 0.2 percent
• Silver futures for March delivery gained 0.3 percent
• Copper futures fell the most in a week

Gold futures fell as a slump in oil prices boosted concern that inflation will stay low, limiting the metal’s appeal as a hedge.

Live Gold, Silver Technical View:
GOLD (FEB)
Trend: Consolidate | Strategy: Sell on High
R1- 27350, R2- 27680| S1- 26880, S2- 26550

SILVER (MAR)
Trend: Consolidate | Strategy: Sell on high
R1- 38850, R2- 39700| S1-37850, S2- 36380

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