COMMODITY MARKET OUTLOOK
Gold prices
dropped as the dollar firmed and investors assessed Federal Reserve Chair Janet
Yellen's testimony before a Congressional committee.
Base Metal Silver rose as Fed Chair Janet
Yellen avoided a hard timeline for a rate hike, though a colleague did suggest
the topic was up for discussion in November.
Crude surged
to settled up amid speculation that OPEC will soon agree to curb production.
Copper
prices ended with gains as sentiments improved due to the release of
better-than-expected economic data from China.
Zinc prices gained as support seen after
stocks and cancelled warrants both fell 825 tonnes to 440,650 tonnes and 27,875
tonnes respectively.
Nickel
gained after the Philippines said 20 more mines may be suspended for
environmental violations, threatening Spices supply.
Natural gas
prices fell on expectations that demand for the fuel would decline as
temperatures cool.
COMMODITY
MARKET UPDATES:-
GOLD
PP-30953
R1 -31040 S1-30867
R2 -31126 S2-30780
SILVER
PP-45506
R1 - 45778 S1-45312
R2 - 45972 S2-45040
CRUDE OIL
PP-3031
R1 - 3099 S1-2992
R2 -3138 S2-2924
NATURAL GAS
PP-199.2
R1- 202.0 S1-195.4
R2- 205.8 S2-192.6
COPPER
PP-323.8
R1- 325.7 S1-322.7
R2- 326.8 S2-320.8
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