13 January 2016


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Gold : Gold fell for a third straight session on Tuesday as a rebound in European and U.S. stock markets undermined the metal's appeal as a haven from risk, and as the dollar strengthened against a basket of currencies. The metal's early January rise ran out of steam late last week after prices hit resistance at their 100-day moving average. Gains have been capped by concerns over higher U.S. interest rates. Since the U.S. Federal Reserve raised rates in December, attention has shifted to how many hikes will follow in 2016.
Outlook : We expect gold prices to trade positive on the back of China’s growth concerns.
Natural Gas: U.S. natural gas futures fell almost 6 percent on Tuesday, the biggest decline since late December, on forecasts for less cold weather that is expected to reduce heating demand a bit over the next two weeks. After rising to 12-week high last week, front-month gas futures on the New York Mercantile Exchange have so far traded down around 9 percent this week. Both the U.S. and European weather models forecast temperatures would remain colder-than-normal over the next two weeks. The latest midday U.S. model however forecast less cold than the morning projection.
 We expect Natural gas prices to trade positive on the back of expectations of colder than expected winter forecast.

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