TODAY COMMODITY MARKET OPENING AND NEWS OUTLOOK 22 AUG 2017.

Commodity Opening Bell
Bullion - Opens on negative Note Gold -29180-29200 Silver -38970-38980

Energy - Opens on positive Note Crude Oil -3065-3070 Natural Gas -190.20-190.40

Base Metals - Opens on negative Note Copper -421.50-422 Nickel -723-725 Lead -148.60-149 Zinc - 199.40-199.70 Aluminium -131.70-132

COMMODITY MARKET TIPS

COMMODITY MARKET NEWS

Precious metals prices rose on Monday as geopolitical tensions over North Korea fueled safe-haven demand, while doubts about U.S. President Donald Trump's ability to enact pro-business policies pushed U.S. bond yields and the dollar lower.

Precious metals are trading lower on COMEX today. We expect prices to trade range bound for the day, with market eying developments on the geopolitical front and remaining cautious ahead of an annual central banking meeting in Jackson Hole later this week.

Industrial metals are trading range bound on International bourses today. We expect prices to trade range bound for the day, with the resumption of a rally in iron ore prices offered support to the sector.

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day, lifted by indications that supply is gradually tightening, especially in the United States.