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GLOBAL MARKET ROUND UP

Gold held around $2,590 per ounce in the Asian trading hours on Friday, trading at record levels, as markets continued to assess monetary policy decisions from major central banks amid support for safe-haven assets driven by rising geopolitical risks.

On the macro front, data from the US revealed a mixed picture, with jobless claims declining to their lowest level since May. The numbers re-ignited hopes that the US would avoid a recession. While sales of existing US homes fell in August to a 10-month low on persistent affordability challenges.

Crude oil was on track for the biggest weekly advance since April after a steep interest rate cut by the Federal Reserve, while traders continued to monitor simmering tensions in the Middle East.

Natural gas rebounded from a one-week low and closed moderately higher on forecasts for warmer US temperatures. Natural gas futures experienced short covering on Thursday, following Natural Gas Weather's forecast of warmer-thannormal temperatures across most of the US from September 26 to October 3.

Copper climbed to a two-month high as the US Federal Reserve’s half-point rate cut drove broader gains in metals markets. Meanwhile, China may remove some of the largest remaining restrictions on home purchases after previous policies failed to revive the housing market, which may boost demand.

Asian stocks extended a rally, taking a bullish cue from the US market. Meanwhile, the BOJ kept its monetary policy settings steady.

Gold

Trading Range: 73080 to 74100

Intraday Trading Strategy: Buy Gold Oct. Fut above 73760 SL 73525 Target 74100

Silver

Trading Range: 89380 to 91700

Intraday Trading Strategy: Buy Silver Mini Nov Fut 89500-89525 SL 88900 Target 90400

Crude Oil

Trading Range: 5875 to 6025

Intraday Trading Strategy: Buy Crude Oil Oct Fut at 5920 SL 5875 Target 6025

Natural Gas

Trading Range: 180 to 204

Intraday Trading Strategy: Buy Natural Gas Sep Fut at 192 SL 187.8 Target 204

Copper

Trading Range: 805 to 826

Intraday Trading Strategy: Buy Copper Sep Fut at 814 SL 810.80 Target 822

Zinc

Trading Range: 266-275

Intraday Trading Strategy: Buy Zinc Sep Fut above 272.0 SL 270.25 Target 275

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