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GLOBAL MARKET ROUND UP

Gold eased below $4,400 an ounce on Tuesday, reversing earlier gains as investors booked profits following the recent rally, while a broader pullback across the metals complex added to downward pressure. Rising crude oil prices also weighed on sentiment by reviving concerns over inflation and the potential for tighter monetary policy.

Geopolitical developments added to the cautious tone after President Donald Trump said he was not interested in extending the interim peace agreement with Iran, reducing hopes for a broader deal and keeping uncertainty around the Strait of Hormuz elevated.

Despite the pullback, gold remained supported by reduced expectations of a Federal Reserve rate hike following a series of weaker U.S. economic indicators. Stronger investment demand and continued central-bank purchases, particularly from China, also provided an underlying floor to prices.

Crude oil prices climbed toward $85 per barrel on Tuesday, extending gains for a third consecutive session as hopes for a broader U.S.-Iran agreement weakened. President Donald Trump said he was not interested in extending the interim peace deal, which officially expired on Monday after giving both sides 60 days to negotiate a longer-term arrangement.

The uncertainty has kept geopolitical risk elevated, while talks between Iran and Oman on managing commercial shipping through the Strait of Hormuz continue without direct U.S. involvement. Any further deterioration in diplomatic efforts or disruption to shipping through the strategic waterway could provide additional support to crude oil prices.

Natural gas futures fell to a more than one-week low on Monday, pressured by record-high production and forecasts for milder weather ahead. The softer weather outlook is expected to reduce cooling demand, adding further pressure to prices as the market continues to face ample supply conditions.

Copper prices retreated from Monday's six-month high on Tuesday as investors digested weaker-thanexpected economic data from China, raising concerns over the outlook for industrial demand. The expiry of the U.S.-Iran truce without a longer-term agreement also added to market uncertainty.With China being the world's largest copper consumer, softer economic activity has renewed concerns over demand and prompted some profit-taking after the recent rally.

Gold

• Trading Range: 151900 to 156150

• Intraday Trading Strategy: Sell Gold Mini Sep Fut at 154150-154175 SL 154780 Target 153750/153050

Silver

• Trading Range: 233650 to 239700

• Intraday Trading Strategy: Sell Silver Mini Aug Fut at 238025-238050 SL 240075 Target 236550/235700

Crude Oil

• Trading Range: 7905 to 8280

• Intraday Trading Strategy: Buy Crude Oil Sep Fut at 8005-8010 SL 7905 Target 8125/8205

Natural Gas

• Trading Range: 250 to 275

• Intraday Trading Strategy: Sell Natural Gas Aug Fut at 261-261.5 SL 267 Target 257.50/253

Copper

• Trading Range: 1356 to 1394

• Intraday Trading Strategy: Buy Copper Aug Fut at 1371-1372 SL 1367 Target 1380/1384.0

Zinc

• Trading Range: 394 to 403

• Intraday Trading Strategy: Buy Zinc Aug Fut at 397.50-397.80 SL 394.50 Target 401.5/403.0

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