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GLOBAL MARKET ROUND UP

* Gold edged lower amid an increase in global bond yields and continued strength in the dollar, as traders weighed prospects for US interest rate cuts. US 10Y treasury yields, the rate that underpins the global cost of capital, touched a 14-month high Monday. A gauge of the greenback’s strength was up for a fifth day. Both reduced bullion’s appeal as gold pays no interest and is priced in the US currency.

* Crude oil settled up by 2.94% near $79 a barrel, a five-month high, as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp supplies from one of the world’s top producers. Benchmark oil tanker rates jumped 39%, the most since August, as US sanctions against Russia threaten to cut supply while forcing traders to seek alternative crude sources.

* Natural gas retreated from the day’s high and closed lower by 1.38% on Monday. The decline came even as forecasts for colder weather and higher heating demand loomed, with freezing pipelines and reduced flows to Freeport LNG's export facility in Texas limiting supply. With colder-than-normal temperatures expected through late January, the natural gas market remains highly sensitive to shifts in supply and demand.

* Copper rose slightly on Monday on a report that the incoming Trump administration will slowly ramp up trade tariffs rather than impose sizable levies in one go. Furthermore, upbeat Chinese export data, which also boosted traders’ sentiment. China's exports of goods rose 11% to a record $336 billion in December from a year earlier, the customs administration said Monday.

* Asian stocks traded higher after US stock-index futures rallied in the previous session.

Gold

Trading Range: 77780 to 78525

Intraday Trading Strategy: Buy Gold Feb Fut at 78095 SL 77780 Target 78525

Silver

Trading Range: 89550 to 91765

Intraday Trading Strategy: Sell Silver Mini Feb Fut at 90850-90875 SL 91425 Target 89680

Crude Oil

Trading Range: 6565 to 6825

Intraday Trading Strategy: Buy Crude Oil Feb Fut at 6625 SL 6565 Target 6750

Natural Gas

Trading Range: 329 to 356

Intraday Trading Strategy: Sell Natural Gas Jan Fut at 345.0 SL 352.0 Target 333

Copper

Trading Range: 819 to 833

Intraday Trading Strategy: Buy Copper Jan Fut at 826 SL 822.0 Target 829/833

Zinc

Trading Range: 268-277

Intraday Trading Strategy: Sell Zinc Jan Fut at 273.20 SL 277.0 Target 270.80/268

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