Opens on negative Note Gold -27800-27790 Silver -36420-36380 

Energy - Opens on mixed Note Crude Oil -2966-2963 Natural Gas -191.60-191.30 

Base Metals - Opens on mixed Note Copper -381.60.-381.50 Nickel -593-594 Lead -146.70-146.80 Zinc - 179.50-180 Aluminium -123.50-123.80

COMMODITY FUNDAMENTALS NEWS

Gold retreated from earlier gains on Thursday as the U.S. dollar turned higher and global stocks gained on upbeat data, even as investors wagered that policy tightening in the United States would be glacial at best. Denting gold's safe-haven appeal, the MSCI world index hit a record high for the fourth time in less than a month as investors took Yellen's remarks as a green light for risk-taking. China posted stronger-than-expected June trade figures, bolstering the U.S. dollar, which advanced against a currency basket. The greenback earlier hit its lowest since last October after U.S. Federal Reserve Chair Janet Yellen struck a less hawkish than expected tone in testimony before Congress on Wednesday.

Oil prices rose 1.3 percent on Thursday after much stronger demand in China overshadowed a downbeat report by the International Energy Agency (IEA) that showed higher production by key OPEC exporters. Prices had responded only minimally to data Wednesday showing U.S. crude oil inventories dropped last week by the most in 10 months. Oil prices have dropped in recent weeks to levels not seen since the end of last year as investors lost faith in a deal between OPEC and non-OPEC producers to reduce output, while U.S. shale oil production has risen sharply.