Commodity Opening Bell 

Bullion - Opens on negative Note Gold -29500-29550 Silver -39720-39780 

Energy - Opens on negative Note Crude Oil -3280-3282 Natural Gas -198.80-199 

Base Metals - Opens on negative Note Copper -420-421 Nickel -716-717 Lead -156.50-157 Zinc - 200.20-200.40 Aluminium -138.50-138.60

COMMODITY MARKET NEWS

Gold prices fell 1 percent on Wednesday after the U.S. Federal Reserve left interest rates unchanged but signaled it still expected to raise interest rates by year-end. Gold had been creeping higher in the minutes before the Fed released a statement about its latest two-day policy meeting, then reversed course and fell. It briefly sank below the $1,300 mark that traders had viewed as psychological support. Bullion hit $1,295.81 an ounce, the lowest since Aug. 28.

We expect silver prices to trade negative on the back of FOMC statements.

Oil prices settled up 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts. Crude prices were on course for a nearly 16 percent rise this quarter, which would make this year's performance the strongest for the third quarter since 2004.

Aluminium soared to its highest in five years on Wednesday on reports that mammoth Chinese producer Chinalco was cutting output two months early and would soon pare back stocks of available metal