TODAY COMMODITY MARKET NEWS & LEVELS UPDATE 02 MAY 2018.


Bullion - Opens on positive Note Gold -30990-31010 Silver -39340-39360 

Energy - Opens on positive Note Crude Oil - 4510-4515 Natural Gas -187-187.50 

Base Metals - Opens on positive Note Copper -455-455.50 Nickel -927-928 Lead -155.30-155.40 Zinc - 206-206.75 Aluminium -151-151.10



Gold prices edged up in today’s session after falling almost 1% in the previous session on the back of firmer U.S Dollar. Asian shares traded steady whereas the greenback was steady near a fourmonth high supported by the opinions of stronger U.S economy and rising yields amid signs of slowdown elsewhere, especially in Europe.

After being under pressure over the last couple of sessions, metals are witnessing some cool off. Aluminium and zinc prices slipped after US delayed aluminium and steel tariffs for some countries and announced permanent exemptions for others, raising the prospect of better metal supply. 

Crude oil prices are trading firm after falling yesterday after data from API which showed large build of 3.427 million barrels of U.S. crude oil inventories for the week ending April 27, compared to expectations of smaller build in crude oil inventories of 739,000 barrels.

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