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GLOBAL MARKET ROUND UP

* Gold remained at the lower end of the range on Thursday after plunging to a fiveweek low as the Federal Reserve suggested that it intends to slow down the pace of interest-rate cuts in the coming year, pushing the dollar to a two-year peak. Yesterday's US GDP report also underscored the economy's resilience, with consumer spending revised higher, strengthening the case for slower easing.

* The US GDP rose at an annualized pace of 3.1% in the third quarter, compared to 2.8% in prior estimates and 3% in the second quarter. The number of Americans claiming jobless benefits decreased more than forecasted last week.

* Crude oil closed the day down as the US dollar extended gains following the Fed's hint of a more cautious approach to interest-rate decreases next year. Higher-for-longer interest rates tend to limit the consumer's spending. However, the prospect of fresh restrictions on Iranian and Russian crude shipments might limit the sharp fall, potentially reducing global oil supply and supporting prices.

* Natural gas prices rose by more than 6.0% on Thursday, fueled by forecasts of colder weather in the United States, which are expected to increase heating demand. Furthermore, the weekly EIA data released yesterday supported a bullish trend for natural gas, with inventories falling by 125 bcf for the week ending December 13. This dip is in line with expectations, but it is a much larger draw than the 5-year average of -92 bcf.

* Copper and other base metals extended losses on Thursday as the ongoing bullish trend in the US dollar and Treasury yields acted as a headwind for base metals. Also, the lack of detailed policy plans from China weighed down on industrial metals..

Gold

Trading Range: 75300 to 76250

Intraday Trading Strategy: Sell Gold Mini Jan Fut below 75000 SL 75205 Target 74780/74600

Silver

Trading Range: 87450 to 90350

Intraday Trading Strategy: Sell Silver Mini Feb Fut 87450-87500 SL 88100 Target 86550/86300

Crude Oil

Trading Range: 5780 to 5975

Intraday Trading Strategy: Sell Crude oil Jan Fut at 5950 SL 6005 Target 5865

Natural Gas

Trading Range: 294 to 319

Intraday Trading Strategy: Buy Natural Gas Dec Fut at 304-305 SL 299.0 Target 312/315

Copper

Trading Range: 788 to 805

Intraday Trading Strategy: Sell Copper Dec Fut at 801-802 SL 805.0 Target 792

Zinc

Trading Range: 277-284

Intraday Trading Strategy: Buy Zinc Dec Fut at 279.50 SL 277.0 Target 282/283

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