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GLOBAL MARKET ROUND UP

* Gold rallied for the fourth straight day as investors returned to gold following the intensification of the crisis between Russia and Ukraine. After a recent strike with USmade long-range missiles, Ukraine deployed UK-built missiles into Russian territory. According to media reports, Russia used intercontinental ballistic missiles in retaliation against Kiev. This development has increased the possibility of a wider crisis, thereby boosting the demand for gold as a safe haven asset.

* Meanwhile, markets continued to assess the Federal Reserve’s monetary policy outlook after US jobless claims unexpectedly fell, adding to speculation about a slower pace of Fed rate cuts. Traders also weighed remarks from Fed Bank of Chicago President Goolsbee, who suggested that interest rates could move "a fair bit lower" and expressed confidence that inflation is easing toward the target.

* Crude oil jumped nearly 1.80% on Thursday as its geopolitical-risk premium grew following Russia's claimed launch of an intercontinental missile to target Ukraine. A decline in Russian crude exports is also favorable for crude. According to weekly vesseltracking data, Russian oil shipments dropped by -740,000 bpd to a 4-month low of 2.83 million bpd in the week to November 17.

* Natural gas hit a fresh swing high on Thursday as the first blasts of winter look set to stretch into early December and the EIA reports a first inventory draw of the season. The weekly storage report revealed a draw of 3 billion cubic feet of natural gas from national storage, which was significantly lower than the expected build of 5 billion cubic feet.

* The US dollar's rebound and a weak outlook for Chinese demand led to a modest decline in copper prices at the close.

Gold

Trading Range: 76550 to 77380

Intraday Trading Strategy: Buy Gold Mini Dec Fut at 76750-76800 SL 76450 Target 77320

Silver

Trading Range: 89200 to 91400

Intraday Trading Strategy: Sell Silver Mini Nov Fut at 90250-90300 SL 91080 Target 89100

Crude Oil

Trading Range: 5880 to 6035

Intraday Trading Strategy: Buy Crude Oil Dec Fut 5905-5910 SL 5835 Target 6025

Natural Gas

Trading Range: 275 to 297

Intraday Trading Strategy: Buy Natural Gas Nov Fut at 282.0-283.0 SL 277.0 Target 292/295

Copper

Trading Range: 799 to 819

Intraday Trading Strategy: Sell Copper Dec Fut at 809-810 SL 814.80 Target 801

Zinc

Trading Range: 275-284

Intraday Trading Strategy: Buy Zinc Dec Fut at 278.0-278.50 SL 275.0 Target 284.0

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