Commodity Opening Bell 

Bullion - Opens on positive Note Gold -29980-29995 Silver -41250-41280 

Energy - Opens on mixed Note Crude Oil -3087-3092 Natural Gas -193-193.20 

Base Metals - Opens on negative Note Copper -430-430.50 Nickel -750-755 Lead -145.70-146 Zinc - 195.10-195.60 Aluminium -134.75-135

COMMODITY MARKET NEWS

Gold bounced up from the lowest level in more than a week on Tuesday as the dollar pared gains and U.S. President Donald Trump said U.N. sanctions on North Korea are "nothing compared to what ultimately will have to happen."

Silver was up 0.3 percent at $17.85 an ounce after hitting its lowest since Sept. 1 at $17.67. 

Oil prices rose on Tuesday after OPEC forecast higher demand in 2018 and Russia and Venezuela confirmed their commitment to a productioncutting deal to reduce the global crude glut. In its monthly report, the Organization of the Petroleum Exporting Countries also said the two hurricanes that hit the United States in recent weeks would have a "negligible" impact on demand.

We expect Natural gas prices to trade sideways on the back of profit booking after an up-move.

We expect base metal prices likely to trade sideways on the back of short covering after sharp fall in prices.