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GOLD :- Gold hit a one-week low on Thursday as a stronger dollar, upbeat sentiment on equities and positive U.S. growth data dented the appeal of
the safe-haven asset, though the metal was still stuck in its narrowest monthly range in 12 years. The dollar was firm after Wednesday’s uplift on
third-quarter U.S. economic growth revised upwards to 3.3 percent, making dollar-priced gold costlier for non-U.S. investors. Global equities were
on course to finish November with a 13th consecutive monthly gain, though a dive in U.S. tech stocks left investors wondering whether the longest
global equity bull run in living memory might be starting to splutter. Also denting investor optimism and signalling underlying support for gold
going forward, investors were growing wary about the staggered progress of U.S. tax reform legislation. The U.S. economy has gathered steam
this year and will warrant continued interest rate increases amid a strengthened global recovery, Federal Reserve Chair Janet Yellen said on
Wednesday. Bullion is highly sensitive to rising U.S. interest rates, which increase the opportunity cost of holding non-yielding gold. Silver touched
an eight-week low of $16.45 an ounce and was last down 0.2 percent at $16.52. Palladium gained 0.1 percent to $1,015 while platinum rose 0.8
percent to $944.20.

CRUDE OIL :- OPEC and non-OPEC oil giant Russia agreed Thursday to extend production cuts until the end of 2018, following hours of discussions in
Vienna, an OPEC source told CNBC. The move was heavily telegraphed ahead of the decision, but the oil producers had earlier indicated they could
exit the deal if they feel the market was overheating. The producers will review the deal at the next OPEC meeting in June, according to CNBC's
source. Reuters and Dow Jones also reported the detail while OPEC drafted its communique. Additionally, Nigeria and Libya, two OPEC members
exempt from the deal, have agreed not to increase their output above 2017 levels, according to the news agencies. Saudi Energy Minister and
current OPEC president Khalid al-Falih exceeded expectations by securing Nigeria and Libya's cooperation. The deal to cut oil output by 1.8 million
barrels a day was adopted by the 14-member OPEC cartel, Russia and nine other global producers. The initial agreement, arrived at in November
2016, was due to end in March 2018, having already been extended once.

BASE METAL :- Copper ended November down more than 1 percent on concerns over slowing demand from China, though the metal held steady into the
close on Thursday on the back of upbeat manufacturing data from the world’s largest metals consumer. Growth in Chinese manufacturing
unexpectedly picked up this month despite a crackdown on air pollution and a cooling property market, the official Purchasing Managers’ Index
showed. Nickel has been the biggest faller among industrial metals this month, tumbling more than 9 percent after October’s sharp rally as traders
bet that hopes for rising electric vehicle demand had become overstretched. Three-month London Metal Exchange copper closed at $6,762 a
tonne, little changed from the previous day but down 1.2 percent overall in November. Copper stocks held in LME warehouses fell another 3,200
tonnes, data showed on Thursday, taking them to their lowest since July 2016 at 188,525 tonnes. Elsewhere, Workers at Southern Copper Corp in
Peru said they completed a ninth day of a strike on Wednesday. A union at Teck Resources’ Quebrada Blanca copper mine rejected a contract offer
from the Canadian miner, increasing the likelihood of a strike.

LME nickel ended the day down 3.6 percent at $11,110 a tonne, a seven-week low. In other metals, LME zinc closed little changed at $3,156 a tonne, while lead
finished up 1.4 percent at $2,470.  In November, zinc fell 3.5 percent and lead slipped 2.3 percent. LME tin ended the day up 0.4 percent at $19,600, to take its gain
for the month to 1.2 percent.

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