Today’s Commodity Prospect

The investors are started to focus on next week’s US Federal Reserve meeting and it mainly deals with the gold and dollar values.
Gold: Gold is highly sensitive to rising US interest rates.
Due to the growing US political uncertainties, the investor participation in the gold gets reduced and the gold is in bearish momentum.
Gold prices traded sharply lower on Friday’s market. The investors expect that the Donald trump may raise interest rates for the first time in this year on federal meeting.
Crude oil: Crude oil prices have higher volatility in Friday’s market.
Surging US output levels undermine the oil prices so OPEC losing their market shares.
The International Energy Agency said global crude demand would accelerate this year but warned, supply is growing at a faster pace. The crude prices might improve in coming days due to IEA report.
Lead: The lead prices have a bearish outlook in this week. Currently, lead trading at Rs.156 per Kg.
The lead contract is in the downward pressure and the value may moves down around Rs.153-150.
However a strong break looks less likely at this moment. The investors are recommended to invest in lead after it reaches Rs.160 to avoid the risk of loss.

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