GOLD HITS 10 MONTH HIGH IN WAKE OF NORTH KOREA NUCLEAR TEST | TODAY STOCK MARKET OUTLOOK 04 SEPT 2017.
Bullion - Opens on positive Note Gold -30050-30080 Silver -41250-41290
Energy - Opens on mixed Note Crude Oil -3020-3040 Natural Gas -195-196
Base Metals - Opens on mixed Note Copper -445-446 Nickel -780-781 Lead -152.60-153 Zinc - 204.30-204 Aluminium -135.70-135.30
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| COMMODITY MARKET TIPS |
Gold rose to the highest in nearly 10 months on Friday after U.S. job
growth slowed more than expected in August, but pared gains when
investors judged that the figures were unlikely to change the outlook for
U.S. interest rate rises.
Data showed U.S. job growth slowed more than expected, but the pace
of gains should be more than enough for the Federal Reserve to
announce a plan to start trimming a massive bond portfolio
accumulated.
Silver was up 0.6 percent at $17.67 an ounce, after rising to the highest since early June at $17.75.
Benchmark U.S. gasoline prices slid for the first day since Hurricane Harvey struck the U.S. oil industry heartland, as some refineries restarted operations, while oil prices remained under pressure and settled about flat.
We expect Natural gas prices to trade sideways on the back of profit booking after sharp up-move.
We expect base metal prices likely to trade sideways on the back of profit booking after up surge in prices.
Silver was up 0.6 percent at $17.67 an ounce, after rising to the highest since early June at $17.75.
Benchmark U.S. gasoline prices slid for the first day since Hurricane Harvey struck the U.S. oil industry heartland, as some refineries restarted operations, while oil prices remained under pressure and settled about flat.
We expect Natural gas prices to trade sideways on the back of profit booking after sharp up-move.
We expect base metal prices likely to trade sideways on the back of profit booking after up surge in prices.
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