COMMODITY MARKET OUTLOOK
Gold prices edged higher on a weaker dollar and as
markets waited for the outcome of the U.S. Federal Reserve's policy meeting
Silver gains with the dollar little changed as
investors awaited the outcome of the Federal Reserve’s latest policy meeting.
Crude oil prices dropped as pressure seen as
gasoline supplies rose modestly despite U.S. crude oil stockpiles fell More
than expected.
Copper recovered on a brightening outlook for
demand, shaking off an earlier dip.
Zinc prices gained as support seen as investors
remained upbeat on China's growth prospects.
Nickel recovered from lows after the update
Philippines audit results into its environmental review in the mining sector
has been postponed until January.
Natural gas prices rose as investors remained
upbeat about prospects for colder temperatures and heightened winter demand.
Commodity
Market update:-
GOLD
PP-27611
R1- 27660 S1-27534
R2- 27734 S2-27488
SILVER
PP-41642
R1- 42057 S1-41314
R2- 42385 S2-40899
CRUDE OIL
PP-3521
R1- 3550 S1-3467
R2- 3604 S2-3438
NATURAL GAS
PP-237.5
R1- 241.6 S1-234.2
R2- 244.5 S2-229.7
COPPER
PP-388.6
R1- 392.4 S1-385.8
R2- 395.2 S2-382.0

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