Today Commodity Market News & Levels Update 12 FEB 2018.


Bullion - Opens on positive Note Gold -30120-30140 Silver -37900-37930 

Energy - Opens on positive Note Crude Oil - 3820-3830 Natural Gas -167.50-168 

Base Metals - Opens on positive Note Copper -436.50-436.85 Nickel -840-842 Lead -163.70-163.80 Zinc - 219.60-219.80 Aluminium -136.90-137


Precious metals are inching higher today after a tumultuous week as the dollar weakened slightly ahead of US inflation data due this week. The uptick in wages last month raised concerns about rising inflation and therefore the inflation data out this week will be very closely watched. Any uptick in inflation will lead to further jump in bond yields. US 10 yr.


Base metals are seen holding some ground today after a brief sell off the last week. LME copper climbed away from its lowest in nearly two months, as the dollar dropped and traders closed out positions ahead of the Lunar New Year holiday that starts this week. U.S.


Crude oil prices are slightly higher at the open but may remain under pressure after a huge selloff last week where WTI prices fell nearly 10%. The number of oil rigs in the US rose by 26 last week and are now at the highest levels since April 2015. 


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