TODAY COMMODITY MARKET LEVELS & NEWS OUTLOOK REPORT 08 NOV 2017.
Bullion - Opens on positive Note Gold -29460-29470 Silver -39720-39740
Energy - Opens on negative Note Crude Oil -3712-3718 Natural Gas -205.50-205.90
Base Metals - Opens on negative Note Copper -445-446 Nickel -821-822 Lead -162.30-162.40 Zinc - 208-208.50 Aluminium -138.70-138.80
Gold prices fell 0.5 percent on Tuesday, retreating a bit from the
previous day's rally as a stronger U.S. dollar reduced the appeal of safe haven investments, and oil prices also dipped.
On Monday, bullion rose as much as 1 percent for its biggest daily rise in
six weeks, after news of a string of high-profile arrests in Saudi Arabia
boosted oil to a 2-1/2-year high.
Silver dropped 0.6 percent to $17.12 an ounce after hitting its highest
since Oct. 20 at $17.27 earlier in the session.
Oil settled lower on Tuesday after rising to the highest since July 2015
the previous day, while tension flared between Saudi Arabia and Iran,
and the Saudi crown prince tightened his grip on power
Nickel inventories in LME-registered warehouses have risen
gradually from a low of about 360,000 tonnes late last year to
382,356 tonnes on Tuesday, pointing to a well-supplied market.
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