HERE ARE TRENDS UPDATES ON COMMODITIES MARKET OUTLOOK 01 AUG 2017.


Commodity Opening Bell

Bullion - Opens on mixed Note Gold -28525-28550 Silver -38680-38700 

Energy - Opens on positive Note Crude Oil -3230-3240 Natural Gas -181.50-181.90 

Base Metals - Opens on negative Note Copper -410.50-411 Nickel -652-654 Lead -148.-148.20 Zinc - 178.50-179 Aluminium -122.30-122.50



Gold hit its highest in almost seven weeks on Monday, boosted by a struggling dollar and U.S. economic data that cast doubt on whether the Federal Reserve will raise rates again this year.

Silver gained 0.8 percent to $16.79 an ounce, after rising to $16.88, the highest since June 29.

Oil prices rose to two-month highs on Monday, ending the strongest month of the year for crude futures, boosted in part by expectations of U.S. sanctions against Venezuela's oil sector and as supply concerns have waned in recent weeks. During the trading day, chatter centered around potential U.S. Treasury sanctions targeting the country's oil sector in response to Venezuela's Sunday election which Washington denounced as a "sham."

We expect Natural gas prices to trade sideways on the back of short covering after sharp drop in prices. 

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