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GLOBAL MARKET ROUND UP

Gold eased on Monday as the dollar strengthened, with investors looking ahead to key US data due on Friday that may offer clues about the Federal Reserve’s interest rate decision later this month.

On the macro front, data from the US indicates that manufacturing is stabilizing after a two-year downturn, with the ISM's factory gauge rising to 48.4 in November, the highest level since June. Construction spending grew by a higher-than-expected 0.4% in October from the prior month.

Crude oil initially rose on Monday on signs of a gradual economic recovery in China, the biggest importer, before paring gains as the dollar strengthened. Furthermore, the likelihood of a ceasefire between Israel and Lebanon exerted pressure on oil prices. Israel said it’s still committed to a ceasefire after carrying out airstrikes in Lebanon in response to Hezbollah’s first attack under the truce.

Natural gas declined on Monday as forecasts for the southern two-thirds of the US showed milder weather, signaling demand for the heating fuel could be lower than previously expected.

Base metals continue to trade within a range due to mixed global cues. Better-thanexpected Chinese and US factory activity showed tentative signs of recovery while strength in the US dollar acted as a headwind for base metals.

Most Asian shares rose, with benchmarks increasing in Japan, South Korea, Australia, and India. Hong Kong and mainland Chinese equities resisted the trend as the yuan sank to a one-year low against the dollar over fears about a faltering economy and rising tensions with the US.

Gold

Trading Range: 76350 to 77380

Intraday Trading Strategy: Buy Gold Mini Jan Fut at 76200-76225 SL 75800 Target 76720

Silver

Trading Range: 90500 to 92700

Intraday Trading Strategy: Buy Silver Mini Feb Fut 90800-90850 SL 90300 Target 91550/91700

Crude Oil

Trading Range: 5720 to 5880

Intraday Trading Strategy: Sell Crude Oil Dec Fut below 5750 SL 5820 Target 5675

Natural Gas

Trading Range: 265 to 284

Intraday Trading Strategy: Sell Natural Gas Dec Fut at 275 SL 280.0 Target 267/265

Copper

Trading Range: 801 to 814

Intraday Trading Strategy: Buy Copper Dec Fut at 806-807 SL 803.0 Target 812/814

Zinc

Trading Range: 280-292

Intraday Trading Strategy: Buy Zinc Dec Fut at 282- 283 SL 280.0 Target 287

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