TODAY COMMODITY MARKET NEWS & LEVELS OUTLOOK REPORT 05 MARCH 2018.


Bullion - Opens on positive Note Gold -30460-30470 Silver -38920-38940 

Energy - Opens on mixed Note Crude Oil - 4000-4005 Natural Gas -176.20-176.40 

Base Metals - Opens on negative Note Copper -452-453 Nickel -872-874 Lead -159.90-160 Zinc - 219.60-219.80 Aluminium -139.60.139.80




Precious metals prices rose on Friday as the threat of a global trade war pushed equities and the U.S. dollar lower and spurred demand for assets such as bullion that are broadly seen as safe-haven investments.

Precious metals are trading higher on COMEX today. We expect prices to trade range bound for the day as the dollar remained pressured amid fears of a global trade war following U.S. President Donald Trump's decision to impose tariffs on imports of aluminium and steel.

Industrial metals are trading mix on International bourses today. We expect prices to trade range bound for the day as attention shifted to upbeat comments at China's annual opening to parliament on economic growth and reform.

Crude oil is trading higher on NYMEX today. We expect prices to trade higher for the day, ahead of a meeting between OPEC and U.S. shale firms in Houston, raising expectations that oil producers would discuss further how to clear a global oil glut.

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