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DAILY COMMODITY MARKET UPDATES

NEWS IN HEADLINE

* Oil crawls higher on U.S. hopes, but COVID rise in China caps gains

* Gold at 11-week high after inflation drop, crypto meltdown week

* Crude oil turns positive after U.S. inflation surprise

CHART OF THE DAY

GOLD: GOLD is showing good strength and ending near the day's high for the last three trading sessions. where 52000 is an immediate support level. On the upside 52250 is immediate resistance level. While above 52250 lead further upside toward 52350-52450 zone.

OUTLOOK:

* Bullion: Day trend is indicating to Uptrend in Gold &Silver.

* Energy: Day trend is indicating Downtrend in Crude oil & Natural gas

* Base metals: Day trend is indicating Sideways in all base metals.

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