COMMODITY MARKET NEWS UPDATE REPORT 29 AUGUST 2016.

Commodity market Outlook

Gold prices pared gains as while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase.

Base Metal Silver prices ended with gains as support seen following a slight downward revision to U.S. second quarter economic growth.

 Crude oil prices ended with gains as support seen after reports of Yemeni missiles hitting Saudi Arabia's oil facilities.

Copper settled flat as prices remained under pressure on surging inventories and signs of weak demand in China.

 Zinc rallied as fresh shutdowns in China's steel sector added to mine supply concerns to ignite a short-covering rally.

Nickel prices settled flat as doubts about Chinese demand and high stockpiles of the metal damped the outlook for the market.

Natural gas prices gained as support seen after data showing that inventories of the fuel grew far less than average for this time of year.

Commodity Market update:-

GOLD

PP-31067

R1- 31243                                    S1-30814

R2- 31495                                    S2-30635

SILVER

PP-44119

R1- 44581                                    S1-43515

R2- 45185                                    S2-43055

CRUDE OIL

PP-3199

R1- 3242                                    S1-3150

R2- 3291                                    S2-3107

NATURAL GAS

PP-195.6

R1- 200.0                                    S1-192.8

R2- 203.4                                    S2-187.8

COPPER

PP-308.3

R1- 310.0                                    S1-306.3

R2- 312.0                                    S2-304.6

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