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GLOBAL MARKET ROUND UP

* Gold resumed trading on Monday with a moderate negative bias as traders continued to liquidate long positions and book profit after a recent rally amid hopes for a potential Russia-Ukraine peace deal following talks between Ukrainian and U.S. officials on Sunday in Riyadh, Saudi Arabia, to end three years of conflict.

* Additionally, the recovery in the US dollar and bond yields has also negatively impacted precious metals. The dollar index ended the session with a gain of 0.17% on Monday after registering a weekly gain of 0.42% in the previous week. Bond yields are also pushing higher amid signs that the next round of tariffs from US President Donald Trump will be more measured than previously suggested.

* Crude oil edged higher following US President Donald Trump's threat to punish nations buying Venezuelan crude, raising concerns of near-term supply tightness. The levies would have an impact on major economies, ranging from China and India to Western Europe, and could potentially complicate business for US Gulf Coast refiners that rely on Venezuela's heavy crude to feed their production lines.

* Natural gas is losing ground, with the weather forecast indicating low near-term demand. Forecasts are for "light to occasionally moderate national demand" over the next ten days due to a mix of cool weather systems tracking across the U.S.

* Copper prices rose on Monday as traders digested signs that the tariffs imposed by US President Donald Trump will be more targeted than anticipated. The gain follows reports that Trump’s announcement of universal, reciprocal trade tariffs on April 2— a date he has referred to as “Liberation ”Day”—will be narrower than initially expected.

Gold 

Trading Range: 87050 to 87925

Intraday Trading Strategy: Buy Gold Mini Apr Fut at 87150-87200 SL 86975 Target 87600/87780

Silver

Trading Range: 97100 to 99480

Intraday Trading Strategy: Buy Silver Mini Apr Fut at 97550-97600 SL 96900 Target 98500

Crude Oil

Trading Range: 5850 to 6025

Intraday Trading Strategy: Buy Crude Oil Apr Fut at 5920 SL 5850 Target 6005

Natural Gas

Trading Range: 322 to 350

Intraday Trading Strategy: Sell Natural Gas Mar Fut at 342 SL 350.0 Target 333/328

Copper

Trading Range: 897 to 917

Intraday Trading Strategy: Buy Copper Apr Fut at 903 SL 897.80 Target 912

Zinc

Trading Range: 273-282

Intraday Trading Strategy: Buy Zinc Apr Fut at 274.50 SL 271.80 Target 280

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