Brent Crude Around 75 Dollar Gold Trading Marginally High | Today Commodity Market News Outlook 24 April 2018.


Commodity Opening Bell 

Bullion - Opens on negative Note Gold -31250-31255 Silver -39480-39500

Energy - Opens on mixed Note Crude Oil - 4580-4584 Natural Gas -181.50-182

Base Metals - Opens on mixed Note Copper -457.50-458 Nickel -949-950 Lead -154.20-154.30 Zinc - 214.80-214.50 Aluminium -150-150.30


Precious metals prices hit a twoweek low as investors piled into the dollar with U.S. Treasury yields approaching 3 percent.Precious metals are trading higher on COMEX today. We expect prices to trade range bound for the day, a day after falling to the lowest level in more than two weeks, as a climb in the dollar and 10-year U.S. Treasury yields dampened the appeal of bullion, which pays no interest.

SPDR Gold Trust GLD, the world's largest gold-backed exchangetraded fund, said its holdings stood at 865.89 tonnes, remain unchanged from previous business day. 

Industrial metals are trading higher on International bourses today. We expect prices to trade range bound for the day except for aluminum after Washington gave U.S. customers of Russian producer United Company Rusal more time to close out their business with the company and comply with sanctions.

Crude oil is trading higher on NYMEX today. We expect prices to trade range bound to higher for the day, on expectations that supplies will tighten because fuel is rising at the same time the United States may impose sanctions against Iran and OPEC-led output cuts remain in place.
 

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