Today Commodity Market News & Levels Outlook 22 FEB 2018.

Bullion - Opens on negative Note Gold -30450-30460 Silver -38300-38350

Energy - Opens on negative Note Crude Oil - 3980-3990 Natural Gas -172.30-172.60

Base Metals - Opens on negative Note Copper -455-455.30 Nickel -878-880 Lead -163-164 Zinc - 227-228 Aluminium -141-50-141.55

Commodity Market Outlook

Precious Metals traded flat and is expected to open lower, weighed down as minutes from last U.S. Federal Reserve meeting showed policymakers confident in the need to keep raising interest rates, with most believing that inflation would perk up. The minutes showed that both voting members and the wider group of policymakers had upgraded their forecasts for the economic outlook since December.

Base metals were under pressure and are likely to trade with a negative bias amidst a rally in dollar index after statements from the Fed Minutes. Investors moved into the safety of the dollar before the release of the minutes from the U.S. Fed Reserve’s recent policy meeting.

Crude oil prices are under pressure as a firmer dollar outweighed a report of a decrease in U.S. crude inventories. Dollar extended its recovery from last week, as minutes of Federal Reserve's January meeting showed policymakers confident in need to keep raising interest rates.