Gold Gained As The Recent Drop In Metal Prices And An Easing Of The U.S. Dollar

Gold trading range for the day is 31665-32051.

Gold gained as the recent drop in metal prices and an easing of the U.S. dollar from multi-month highs stoked buying.

Investors are wary of a potential saturation in currencies ahead of the U.S. mid-term elections and amid other geo-political uncertainties.

Indian gold demand in 2018 is expected to fall from the previous year as a rally in local prices to five-year highs is likely to dent purchases during key festivals.

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Natural Gas Rose On Forecasts For Cooler Weather And More Heating Demand

Natural gas trading range for the day is 232.9-247.3.

Natural gas rose on forecasts for cooler weather and more heating demand than previously expected for the next two weeks.

The market was more focused on the coming cold weather and vast storage deficit for this time of year than production, which is at a record high and growing.

The projected demand in the lower 48 states would rise to 85.7 billion cubic feet per day (bcfd) next week, up from Tuesday's forecast of 85.4 bcfd.

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Silver Traded In Range As The Safe Haven Demand For The Dollar

Silver trading range for the day is 38013-38637.

Silver traded in range as the safe haven demand for the dollar was boosted by concerns over the pending trade dispute between the U.S. and China.

The U.S. is preparing to impose tariffs on the remaining $257 billion of Chinese imports if talks in November between Trump and Chinese leader Xi Jinping do not go well.

The China Securities Regulatory Commission said that it would improve market liquidity and encourage more long-term capital into the market.

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Aluminium Dropped After Norsk Hydro Said It Would Resume Half Production

Aluminium trading range for the day is 148.3-152.5.

Aluminium dropped after Norsk Hydro said it would resume half production at its giant Brazilian alumina plant, just days after declaring it would shut down completely.

Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of trade war.

Norway's Norsk Hydro is focused on a return to full output at its Alunorte alumina refinery in Brazil and is not contemplating layoffs there.

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Natural Gas Dropped On Profit Booking As Traders Are Eyeing Hurricane Michael

Natural gas trading range for the day is 233.8-254.4.

Natural gas dropped on profit booking as traders are eyeing Hurricane Michael, storm headed for the Florida Panhandle in the Gulf of Mexico.

For now, prices are easing as traders believe the storm will remain on its current trajectory and miss most of the natural gas production installations.

The EIA reported that net injections are higher than the five-year average.

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Silver Trading Range For The Day Is 38298-38950

Silver trading range for the day is 38298-38950.

Silver gained drawing some safe-haven bids from risk-averse investors amid worries over a potential slowdown in China’s economic growth.

Prices also seen supported as dollar slipped against the yen on simmering anxiety about higher U.S. bond yields, the Sino-U.S. trade war and political turmoil in Europe.

The Fed added a quarter point in the final week of September to bring rates to between 2.0% and 2.25% and indicated another increase in December.

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Silver Prices Gained As The Dollar Softened After Data Showed U.S. Job Growth

Silver trading range for the day is 38471-39761.

Silver prices gained as the dollar softened after data showed U.S. job growth slowed in September, easing concerns about a large run-up in inflation.

U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls.

The unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions.


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Natural Gas Extended Gains Propelled By Worries Of A Large Storage Deficit

Natural gas trading range for the day is 225.3-246.9.

Natural gas extended gains propelled by worries of a large storage deficit and forecasts for warmer-than-normal weather.

Utilities likely added 97 billion cubic feet of gas into storage in the week ending Sept. 28.

Demand in the Lower 48 states for the forthcoming week was forecast at 76.8 billion cubic feet per day, higher than the 76.7 bcfd forecasted.

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Gold Prices Ended With Gains On Worries Over Italian Finances

Gold trading range for the day is 30801-31761.

Gold prices ended with gains on worries over Italian finances.

Fed Chairman Powell hailed a “remarkably positive outlook” for the U.S. economy that he feels is on the verge of a “historically rare” era of ultra-low unemployment.

The Fed’s point-person on the theory of how high to raise interest rates said that estimating this “neutral” level is getting more difficult and less relevant.

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Crude Oil Prices Rose Ahead Of U.S. Sanctions Against Iran

Crude oil trading range for the day is 5259-5633.

Crude oil prices rose ahead of U.S. sanctions against Iran, that kick in next month.

Prices were supported by a report of a stagnant rig count in the United States, which points to a slowdown in U.S. crude production.

OPEC delivered only a limited increase in oil production in September, as a cut in Iranian shipments due to U.S. sanctions offset higher output.

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Gold Prices Looks To Trade With Firmness Buoyed By Safe Haven Demand

Gold trading range for the day is 30576-31170.

Gold prices looks to trade with firmness buoyed by safe-haven demand as Italy’s budget plan sets it on course for a potential clash with the European Union.

Federal Reserve Chairman Jerome Powell said that the U.S. central bank plans gradual increases to interest rates.

Investors have also opted to buy the dollar and U.S. Treasury bonds as safe investments instead of gold.

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Copper Prices Dropped Amid Persistent Worries Over An Escalating U.S.- China

Copper trading range for the day is 453.1-460.7.

Copper prices dropped amid persistent worries over an escalating U.S.-China trade war.

Developing Asia could grow more slowly than previously thought next year as the U.S.-China trade war inflicts collateral damage on the region’s export-reliant economies.

China’s top copper smelters have set their floor treatment and refining charges for the fourth quarter at $90 per tonne and 9 cents per pound.

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Silver Steadied After The Federal Reserve Announced A Much Anticipated Third U.S. Rate

Silver trading range for the day is 37558-38450.

Silver steadied after the Federal Reserve announced a much-anticipated third U.S. rate hike for the year.

The Fed raised interest rates by a quarter percentage point, increasing the overnight U.S. funds rate to a range of 2.00% to 2.25%.

The central bank said in a statement that its decision was in response to the country’s faster pace of economic growth.

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Gold Prices Traded In Range Following News That China Would Retaliate Against A New Round

Gold trading range for the day is 30502-30718.

Gold prices traded in range following news that China would retaliate against a new round of U.S. tariffs on its goods. U.S. Treasuries also rose.

The dollar slipped after Beijing announced on Tuesday retaliatory tariffs that targeted more than 5,000 U.S. products worth $60 billion.

India should not tamper with its gold import duty or impose other restrictions to support the rupee, the World Gold Council said.

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Silver Prices Traded In Range As The Dollar Held Its Ground After The U.S. And China

Silver trading range for the day is 36935-37911.

Silver prices traded in range as the dollar held its ground after the U.S. and China announced their latest round of measures in the escalating trade conflict.

Prices were under pressure in recent months despite intensifying trade tensions between the U.S. and its trade partners, as investors turned to the dollar for safety.

U.S. President Donald Trump said that U.S. is slapping 10% tariffs on $200 billion worth of Chinese goods, and that the tariffs would rise to 25% in January 2019.

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Gold Prices Steadied As The Dollar Eased Following News That China Would Retaliate

Gold trading range for the day is 30504-31072.

Gold prices steadied as the dollar eased following news that China would retaliate against a new round of U.S. tariffs on its goods.

U.S. President Donald Trump imposed 10 percent tariffs on about $200 billion worth of Chinese imports and warned of more tariffs if China retaliated.

Traders are increasing bets the Federal Reserve will raise U.S. short-term interest rates into 2019 as the jobs market tightens.

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Copper Gained On Rupee Weakness Despite Of After U.S. President Donald Trump

Copper trading range for the day is 419.7-431.1.

Copper gained on Rupee weakness despite of after U.S. President Donald Trump threatened to impose tariffs on virtually all Chinese imports into the United States.

China's imports of unwrought copper and copper semis in August declined 6.7% from July to stand at 420,000 mt, showed China Customs data.

Copper stocks across Shanghai bonded areas shrank 20,300 mt from a week ago to 453,500 mt marking the fifth consecutive week of decline.

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Silver Remained In Range Pressured By A Stronger Dollar And Signs The U.S.-China Trade

Silver trading range for the day is 36680-37624.

Silver remained in range pressured by a stronger dollar and signs the U.S.-China trade war is set to intensify.

Traders worried the next chapter in the U.S.-China trade war could be the most destructive yet.

The U.S. economy added 201,000 jobs in August, while the unemployment rate unexpectedly rose to 3.9%, the Labor Department said.

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Zinc Gains As A Subdued Greenback Aided Gains Offsetting Some Concerns Over

Zinc trading range for the day is 173.7-180.3.

Zinc gains as a subdued greenback aided gains offsetting some concerns over the threat of a ramp up in the U.S. China trade war

Resumption after maintenance raised output of refined zinc across Chinese smelters to 418,700 mt in August, up 2.52% from July, but down 6.11% from a year ago.

Total output in the first eight months of the year gained 0.66% on the year and stood at 3.52 million mt.

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Copper Rose As A Weaker Dollar Underpinned Prices Even As Bearish Sentiment Lingered

Copper trading range for the day is 415.7-433.7.

Copper rose as a weaker dollar underpinned prices even as bearish sentiment lingered amid a trade war between the United States and top metals consumer China.

U.S. President Donald Trump said that the United States was not yet ready to come to an agreement over trade disputes with China but he said talks would continue.

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