Commodities Outlook: China Data, US PCE, Trump's Davos Remarks to Drive Markets

• Geopolitical risks, Fed autonomy concerns, and Trump's remarks created market turbulence.
• US dollar hit a seven-week high, supported by strong economic data, tempering Fed rate cut expectations.
• COMEX gold and silver surged to record highs due to uncertainty, later easing as tensions moderated.
• MCX Gold Futures showed short-term bullish trend despite sideways consolidation last week.
• WTI crude oil fluctuated, initially rising on Iran tensions then retreating as supply concerns eased.

Why It Matters: Global markets face volatility next week, driven by economic data, geopolitical events, and central bank signals.