Brent Crude Around 72 Dollar Gold Toched 1350 Dollar Level | Today Commodity Market News Outlook 16 April 2018.



Bullion - Opens on positive Note Gold -31200-31230 Silver -39020-39050 

Energy - Opens on mixed Note Crude Oil - 4360-4370 Natural Gas -179.50-179.80 

Base Metals - Opens on mixed Note Copper -443-442.50 Nickel -910-905 Lead -151.50-151.70 Zinc - 202.30-202.50 Aluminium -150.30-150.50



It has certainly been another volatile and unpredictable trading last week for financial markets, as heightened geopolitical tensions have left investors on edge. President Donald Trump’s market shaking tweets have not helped matters, with global equity markets violently whipsawing in recent days. As the trading month progresses, global risk appetite is poised to remain extremely fragile and highly sensitive to the Russia-U.S tensions over Syria. 

This has been a roller-coaster trading week for Gold, with the metal displaying high levels of sensitivity to geopolitics and U.S interest rate hike expectations. While heightened political tensions between the U.S and Russia have supported the yellow metal, expectations that the Fed will adopt a more aggressive approach over U.S interest rate hikes this year has capped upside gains. With uncertainty still a major market theme and investors clearly on edge, gold is likely to remain buoyed in the medium term.


Crude Oil prices were incredibly bullish last week rising around 10%, as escalating tensions in the Middle East fueled concerns of potential supply disruptions. The upside was complemented by encouraging statements made by the IEA saying that OPEC was on the verge of clearing the global oil glut. Price action suggests that oil prices could edge higher near-term amid geopolitical tensions and optimism over OPEC supply cut rebalancing markets. However, rising production from U.S Shale could create obstacles for oil bulls down the road. 


Aluminium hits 6-years high, jumping 12% last week, biggest weekly jump in 38 years, with prices hovering around 11-week high. Supply side squeeze emanating from US sanctions on Rusal has driven the spot premiums higher for the metal. The company produces around 3.5mn tonnes of primary aluminium, contributing 6% to the global output. Other base metals also followed the gains but it’s expected to be short lived as they are teetering on the edge of a bear market due to high inventory, expected slowdown in China and potential escalation of a global trade war. 


Over this week, Risk off Sentiment may prevail and Geopolitical tensions will continue to support commodity space, as over the weekend, U.S., U.K. and France launched targeted missile strikes on Syria in retaliation for an apparent chemical attack by the regime of Bashar al-Assad on a rebel town. President Donald Trump said the missile strikes were focused on chemical weapons sites and he made clear that the U.S. is prepared to sustain the strikes until Syria stops using those weapons

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