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GLOBAL MARKET ROUND UP

* Gold prices held in a range during Asian trading hours on Friday, following a small dip the previous day. The precious metal is taking a break after reaching a record high in response to Fed Chairman Powell's comments about slowing US growth and higher inflation. Despite flagging a high degree of uncertainty around President Trump's policy changes, Powell's speech didn't change market expectations about the path of monetary policy.

* Crude oil prices rose on Thursday as the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord. The US Treasury Department sanctioned a Chinese oil refinery and its chief executive officer for allegedly buying Iranian oil as well as multiple vessels allegedly linked to a “shadow fleet” of ships that carry the OPEC member’s crude.

* Natural gas declined more than 6.0% on Thursday as the fall was extended after weekly EIA supplies rose more than expected. Furthermore, warmer-than-normal weather is forecast across the US for the rest of this month, reducing heating demand for natural gas and weighing down on gas prices.

* The EIA reported Thursday that nat-gas inventories for the week ended March 14 rose +9 bcf, above expectations of +4 bcf and well above the five-year average for this time of year of a -31 bcf draw.

* Base metals retreated on Thursday, with copper in LME slipping after reaching $10,000 a ton for the first time in five months as the dollar pushed higher and traders assessed uncertainty surrounding a trade war and its impacts on the global economy and demand growth.

Gold 

Trading Range: 87680 to 88700

Intraday Trading Strategy: Sell Gold Mini Apr Fut at 88575 SL 88780 Target 88125

Silver

Trading Range: 97300 to 100100

Intraday Trading Strategy: Sell Silver Mini Apr Fut at 99050 SL 99780 Target 98050/97700

Crude Oil

Trading Range: 5850 to 5980

Intraday Trading Strategy: Buy Crude Oil Apr Fut at 5880 SL 5805 Target 5950/5980

Natural Gas

Trading Range: 329 to 366

Intraday Trading Strategy: Sell Natural Gas Mar Fut at 341.0 SL 345.80.0 Target 333/329

Copper

Trading Range: 894 to 915

Intraday Trading Strategy: Sell Copper Mar Fut at 909 SL 915.0 Target 901/897

Zinc

Trading Range: 269-280

Intraday Trading Strategy: Sell Zinc Mar Fut at 275.50 SL 277.80 Target 272/270.80

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