TODAY COMMODITY MARKET LEVELS & NEWS UPDATE 29 JAN 2018.



Bullion - Opens on negative Note Gold -30120-30150 Silver -39600-39700 

Energy - Opens on mixed Note Crude Oil -4210-4220 Natural Gas -197-198 

Base Metals - Opens on positive Note Copper -456-455 Nickel -880-885 Lead -167.70-167 Zinc - 227-228 Aluminium -143.40-143.70


Gold rose on Friday, climbing back toward the previous day's 17-month peak as a report of slow economic growth pushed the U.S. dollar lower, days after the greenback was hammered by a senior U.S. official backing a weaker currency. Dollar weakness makes assets priced in the U.S. unit less expensive for holders of other currencies.


Silver touched $17.69, its highest in more than four months. It was strongest weekly rise among precious metals, up 2.4 percent from last Friday's close.


Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker U.S. dollar underpinned prices. On the supply side, U.S. oil production was expected to soon hit 10 million barrels per day (bpd), putting it on a par with top exporter Saudi Arabia. U.S. oil drillers added 12 rigs this week, the biggest weekly increase since March, General Electric Co's Baker Hughes energy services firm said in its closely followed report on Friday.


We expect Natural gas prices to trade positive on the back of rise in demand.

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