Platinum Market Update : Epic Research Singapore

Elsewhere in metals, October platinum PLV6, -0.16%  added $2.30, or 0.2%, to $1,100.20 an ounce, while September palladium PAU6, +0.17%  gained $15.25, or 2.4%, to $644.20 an ounce.

September copper HGU6, +0.07%  added 2.7 cents, or 1.2%, to end at $2.24 a pound.

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Gold Market Update : Epic Research Singapore

 August gold GCQ6, -0.09%  gained $8.30, or 0.6%, to finish at $1,343.60 an ounce following a four-session decline.

Meanwhile, Silver futures returned to a nearly two-year settlement high on Wednesday, as the U.S. stock market paused their recent rally, providing a lift to gold prices, which marked their first climb in five sessions.

September silver SIU6, -0.11% which has been the highflier relative to gold in recent weeks, added 24.2 cents, or 1.2%, to settle at $20.413 an ounce. Silver, which has been getting an additional boost from its use as an industrial commodity, saw its highest settlement since late July 2014, according to FactSet.

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Copper Market Update : Epic Research Singapore

Moves for metals also come as the ICE U.S. dollar index DXY, -0.09% edged down 0.1% as the dollar eased against other chief rivals. Precious metals and the dollar often move inversely but can break that relationship from time to time.

Elsewhere in metals, September copper HGU6, +2.46% added 6.6 cents, or 3.1%, to $2.213 a pound. October platinum PLV6, +0.08%  fell $10.20, or 0.9%, to $1,097.90 an ounce, while September palladium PAU6, +0.32%  shed $3.20, or 0.5%, to $628.95 an ounce.

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Silver Market Update : Epic Research Singapore

Silver futures turned lower on Tuesday, surrendering what would have been a nearly two-year settlement high as a rally in U.S. equities tarnished the appeal of precious metals, including gold.

September silver SIU6, +1.38% pulled back, losing 13 cents, or 0.7%, to settle at $20.17 an ounce.

Silver had traded as high as $20.595 an ounce early Tuesday, buoyed by hedging demand and for its use as an industrial commodity. Prices for the white metal have posted gains in eight of the last nine trading sessions. Prices finished Monday at $20.304, the highest since August 2014, according to FactSet.

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Natural Gas Market Update : Epic Research Singapore

On Nymex, August natural gas NGQ16, -0.07%  settled at $2.734 per million British thermal units, up 3.2 cents, or 1.2%.

August gasoline RBQ6, -1.24%  tacked on 4.7 cents, or 3.4%, to $1.430 a gallon and August heating oil HOQ6, -0.81%  also added 4.7 cents, or 3.3%, to $1.463 a gallon.

At the retail level, GasBuddy.com pointed out that gasoline prices have been falling for 30 days straight despite strong demand for the fuel.

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Oil Market Update : Epic Research Singapore

Oil futures settled higher Tuesday, rebounding from a two-month low as a report from the Organization of the Petroleum Exporting Countries revealed forecasts for higher oil demand and lower production next year.

On the New York Mercantile Exchange, August West Texas Intermediate crude CLQ6, -0.49%  rose $2.04, or 4.6%, to settle at $46.80 a barrel. That was the highest finish since July 6, according to FactSet. September Brent crude LCOU6, -0.62%  gained $2.22, or 4.8%, to $48.47 a barrel on the ICE Futures exchange in London.

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Oil Market Update : Epic Research Singapore

Oil futures settled at their lowest level in two months on Monday after a survey revealed that crude production from members of the Organization of the Petroleum Exporting Countries has climbed to a nearly eight-year high.

The report exacerbates concerns that global output is set to climb as recent supply disruptions ease.

OPEC’s June crude production rose 300,000 barrels a day from a month earlier, to 32.73 million barrels a day, which is the highest level since August 2008, according to S&P Global Platts.

August West Texas Intermediate crude CLQ6, +0.58% lost 65 cents, or 1.4%, to settle at $44.76 a barrel on the New York Mercantile Exchange. The September contract for global benchmark Brent crude LCOU6, +0.61%  fell 51 cents, or 1.1%, to finish at $46.25 a barrel on the ICE Futures exchange in London.

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Copper Market Update : Epic Research Singapore

Elsewhere in metals, September copper HGU6, +0.33%  added 2.8 cents, or 1.3%, to settle at $2.148 a pound after ending 4% lower last week. October platinum PLV6, -0.67%  rose $7.90, or 0.7%, to finish at $1,108.10 an ounce, while September palladium PAU6, -0.69% tacked on $8.65, or 1.4%, to close at $625.75 an ounce.

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Gold Market Update : Epic Research Singapore

Gold futures turned in a third day of declines Monday, after an attempt to recoup recent losses fizzled in light of stronger U.S. stocks and the dollar.

Meanwhile, silver futures extended recent gains that lifted prices for seven out of the previous eight trading sessions.

A stronger-than-expected report on U.S. employment Friday prompted gold to end last week on a sour note. Gold and silver, however, still managed to each log a sixth-weekly gain as investors expect the metals’ rise to be underpinned by global economic uncertainty and what’s still anticipated to be a go-slow approach to interest-rate increases at the Federal Reserve.

August gold GCQ6, +0.07% settled down $1.80, or 0.1%, at $1,356.60 an ounce, after trading above $1,360 earlier in the session. Even with the recent declines, gold logged a weekly gain of 1.5% on Friday.

Silver, boosted both by hedging demand and for its use as an industrial commodity, settled higher. September silver SIU6, +1.01%  added 20.5 cents, or 1%, to finish at $20.304 an ounce, the highest settlement price since August 2014.

The SPDR Gold Trust ETF GLD, -0.94% was down 0.8%, while the iShares Silver Trust SLV, +0.42% tacked on 0.5%.

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SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Gold prices slid lower on Friday, as investors awaited the highly-anticipated U.S. employment report due later in the day, but the precious metal remained close to Wednesday’s two-year peak as concerns over the global impact of the Brexit vote continued to dampen sentiment.On the Comex division of the New York Mercantile Exchange, gold futures for August delivery declined 0.36% to $1,357.35.

• Oil prices rebounded on Friday, bouncing off two-month lows hit in the previous session when prices fell 5 percent on news that the U.S. weekly crude draw missed some forecasts.Traders said that the outlook looked volatile as a refined product glut and slowing economic growth weighed on markets while the risk of supply disruptions could tighten supplies.

• Silver futures were trading lower during noon trade in the domestic market on Friday as traders resorted to a cautious approach ahead of the much anticipated US payrolls data for the month of June set for release today which may dictate the timing of the US Federal Reserve’s next interest rate hike.

TRADING STRATEGY :
BUY GOLD ABOVE 1370 TARGET 1375 1381 SL BELOW 1365
SELL GOLD BELOW 1360 TARGET 1355 1349 SL ABOVE 1365

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SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :

• Copper futures were trading higher during the morning trade in the domestic market on Thursday led by rise in demand in the domestic markets tracking a weak trend in overseas markets.Analysts said that the weak cues at global markets and rise in demand at domestic spot markets followed by the release of the US Fed meeting minutes which showed that the majority of Fed members were cautious to adjust rates following poor US labour data and Brexit vote influenced the rise in copper futures.

• Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut of refined products and economic growth concerns continued to loom over the market. Brent crude oil futures were trading at $49.50 per barrel at 0857 GMT on Thursday, 70 cents above their last settlement. U.S. West Texas Intermediate (WTI) crude was trading at $48.08 per barrel, up 65 cents from its last close.

• Gold prices held near the prior session’s 28-month high in European trade on Thursday, as market players looked ahead to key U.S. employment data for more clues on the Federal Reserve’s next move.The U.S. was to release the ADP jobs report for June at 12:15GMT, or 8:15AM ET, followed byweekly jobless claims data at 12:30GMT, or 8:30AM ET. Market players are also focusing on Friday’s U.S. nonfarm payrolls report.

TRADING STRATEGY :
BUY GOLD ABOVE 1370 TARGET 1375 1381 SL BELOW 1365
SELL GOLD BELOW 1360 TARGET 1355 1349 SL ABOVE 1365

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Gasoline Market Update : Epic Research Singapore

Gasoline supplies edged down by 100,000 barrels, while distillate stockpiles fell 1.6 million barrels last week, according to the EIA.

August gasoline RBQ6, +0.57%  fell 7 cents, or 4.9%, to $1.363 a gallon, while August heating oil HOQ6, +0.67%  declined by 6.1 cents, or 4.1%, to $1.411 a gallon.

July natural gas NGQ16, -0.90%  fell less than a penny, or 0.3%, to $2.777 per million British thermal units after tapping a high of $2.841.

The five-year average increase is 77 billion cubic feet, according to Williams. “We are still well above the five-year average of gas in storage but are converging toward the norm every week [with] high use by power companies and a little decline in production.”

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Oil Market Update : Epic Research Singapore

Oil futures dropped by nearly 5% Thursday to settle at their lowest level in two months after U.S. government data showed a smaller-than-expected weekly decline in crude-oil inventories.

That, combined with ongoing worries about a potential slowdown in energy demand, pulled prices sharply lower even though the data also revealed a seventh-straight weekly fall for crude stockpiles and a sizable drop in daily domestic oil production.

Natural-gas futures, meanwhile, tracked oil’s move lower. They pulled back from an earlier rally fueled by a weekly climb in U.S. supplies that came in under market expectations and was roughly half the average increase for this time of year.

August West Texas Intermediate crude CLQ6, +0.89%  fell $2.29, or 4.8%, to settle at $45.14 a barrel on the New York Mercantile Exchange, after climbing 1.8% a day earlier. Prices, which were trading at $47.85 before the supply data, saw their lowest finish since May 10, according to FactSet.

Brent crude LCOU6, +1.06% lost $2.40, or 4.9%, to $46.40 a barrel on London’s ICE Futures exchange, also ending at a two-month low.

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Copper Market Update : Epic Research Singapore

Other metals finished on a mixed note. September copper HGU6, -0.26%  lost 3 cents, or 1.4%, to $2.124 a pound, but October platinum PLV6, -0.59%  rose $3.80, or 0.4%, to $1,095.10 an ounce and September palladium PAU6, -0.74%  ended at $612.35 an ounce, up $4.80, or 0.8%.

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Gold Market Update : Epic Research Singapore

Gold futures settled lower Thursday, pulling back after a three-session climb that lifted prices to their highest level in roughly two years.

The decline came as upbeat U.S. economic data triggered some uncertainty around U.S. interest-rate expectations, ahead of the closely watched monthly employment report due Friday.

August gold GCQ6, -0.36%  shed $5, or 0.4%, to settle at $1,362.10 an ounce. Gold futures had climbed over the past three trading session and closed on Wednesday at $1,367.10 an ounce, the best finish since March 2014, according to FactSet data.

September silver SIU6, -0.52%  dropped 36.5 cents, or 1.8% at $19.838 an ounce following Wednesday’s settlement at a roughly two-year high of $20.203.

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Oil Market Update : Epic Research Singapore

Oil futures settled higher Wednesday as support from some softening of in the dollar and expectations for a seventh-straight weekly decline in U.S. crude inventories offset pressure from a potential slowdown in fuel demand.

Crude oil for August delivery CLQ6, +0.44%  rose 83 cents, or 1.8%, to settle at $47.43 a barrel on the New York Mercantile Exchange. Prices, which had touched a low of $45.92 early Wednesday, had marked its lowest settlement since June 27 on Tuesday, according to FactSet data. Brent oil for September LCOU6, +0.35%  added 84 cents, or 1.8%, to $48.80 a barrel on the ICE Futures exchange in London.

August futures prices for gasoline RBQ6, +1.27%  added less than half a cent to $1.433 a gallon, after sinking 5.6% a day earlier. August heating oil HOQ6, +0.76%  settled up 2.6 cents, or 1.8%, at $1.471 a gallon.

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Silver Market Update : Epic Research Singapore

On Wednesday, September silver SIU6, +0.01%  settled at $20.203 per ounce, up 29.6 cents or 1.5%, after tapping a high of $20.585.

Among other metals on Comex, September copper HGU6, +0.28%  edged down by 3 cents, or 1.4%, to $2.154 a pound. October platinum PLV6, +0.04%  tacked on $14.40, or 1.3%, to $1,091.30 an ounce and September palladium PAU6, +0.14%  rose $4.90, or 0.8%, to $607.55 an ounce.

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Gold Market Update : Epic Research Singapore

Gold futures rallied to settle at a fresh two-year high on Wednesday, while silver rose for a sixth straight session to top $20 an ounce.

Prices for both metals had benefitted from a rush to safety sparked by uncertainty surrounding the U.K. vote late last month to leave the European Union. In electronic trading, gold futures extended their gains after minutes from the U.S. Federal Reserve’s last meeting implied that an interest-rate hike remained on hold.

August gold GCQ6, +0.26%  gained $8.40, or 0.6%, to settle at $1,367.10 an ounce, again marking their highest settlement since March 2014, according to FactSet data.

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Natural Gas Market Update : Epic Research Singapore

Elsewhere in the energy space on Monday, natural gas NGQ16, -2.51%  slumped 2.6% to $2.91 per million British thermal unit, easing back from its highest close since May 2015 reached on Friday.

Gasoline RBQ6, -1.68%  on Monday was flat around $1.51 a gallon, while heating oil gained 0.5% to $1.52 a gallon.

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Oil Market Update : Epic Research Singapore

Oil prices rose in choppy trade on Monday after Saudi Arabia’s energy minister said the global oil market is heading toward balance, and more attacks in Nigeria were seen as curbing the country’s oil production.

Futures for crude oil CLQ6, -1.33%  gained 21 cents, or 0.5%, to $49.21 a barrel, while Brent LCOU6, -0.82%  advanced 24 cents, or 0.5%, to $50.59 a barrel.

There will be no settlement of U.S. West Texas Intermediate futures on Monday, as U.S. markets are closed for the Independence Day holiday. Electronic trade ends at 1 p.m. Eastern Time.

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