Commodity Opening Bell 

Bullion - Opens on positive Note Gold -30180-3200 Silver -41480-41500 

Energy - Opens on mixed Note Crude Oil -3045-3047 Natural Gas -194-194.50 

Base Metals - Opens on mixed Note Copper -449.40-449.70 Nickel -784.50-785.50 Lead -152.80-153 Zinc - 204.80-205 Aluminium -134.50-135

COMMODITY MARKET NEWS

Precious Metals

Precious Metals turned bullish with escalating geopolitical tensions and pushing gold touching its highest in 10 months after U.S. job growth slowed more than expected in Aug, but pared gains when investors judged that figures were unlikely to change outlook for U.S. interest rate rises. Data showed U.S. job growth slowed more than expected but pace of gains should be more than enough for Fed to announce plan to start trimming a massive bond portfolio accumulated.

Base Metals 

Base metals continue to trade firm, with LME copper hitting fresh three-year high on expectations of further signs of a healthy economic outlook for China. Nickel was just shy of Monday's 14-month peak on China's robust industrial outlook, aided by supply side constraints. Chinese rebar futures were steady after rising much as 5% to highest since February 2013. 

Energy 

Choppiness in likely to continue for short term supported by shutdowns of U.S. production following Hurricane Harvey, but pressured by expected downturn in crude demand as storm knocked out refineries along the Gulf of Mexico coast. Department of Energy reported eight U.S. oil refineries with total of 2.1 million bpd, or 11.4% of total U.S. refining capacity, were still shut down. Iran’s oil minister announcement of OPEC members' compliance with agreement to reduce output to have improved in recent months too supported prices on lower levels. Markets were nervously eyeing developments in North Korea, where military conducted its sixth and most powerful nuclear test over weekend, prompting threat of "massive" military response from US if it or its allies were threatened. Market participants will now shift their focus to crude oil inventories data that will be released on Thursday.