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Market Outlook
Gold prices climbed to five-month highs on Friday, as news of U.S. airstrikes against Syria boosted demand for safe-haven assets. The precious metal strengthened after the U.S. launched cruise missiles at an airbase in Syria, sparking concerns of an escalation in the Syrian civil war.U.S. President Donald Trump said on Thursday he ordered missile strikes against a Syrian airfield from which a deadly chemical weapons attack was launched. Oil prices soared by around $1 per barrel on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. Base metals prices continued to fall on Friday. Copper dropped almost 0.7% on Thursday while zinc fell back below the $2,700 barrier as it decreased over $100 per tonne.

Fundamental News

The Indian rupee hit a more than 1-1/2 year high on Friday after the central bank held its policy rate and expressed concerns about inflation, raising expectations it would no longer cut rates this year, while bonds fell and shares edged lower.
Oil trading data in Thomson Reuters Eikon shows that globally shipped crude volumes stood at 1.4 billion barrels in March (around 45.6 million bpd), up from 1.1 billion barrels in February.

Gold showed sideways movement and found the important support level of 28700. Now if it will sustain below the important support level of 28650 then 28400 will act as next support level. On the other hand 29000 will act as a major resistance level.

Silver showed bearish movement and found the important support level of 41950. Now if it will sustain below 41900 then 41500 will act as next support level. On the other hand 42500 will act as a major resistance level.

Crude showed sideways movement and found the important support level of 3300. Now if it will close below the important support level of 3290 then 3250 will act as next support level. On the other hand 3375 will act as a major resistance level.

Copper showed sideways movement and found the important support level of 370. Now if it will close below the important support level of 369 then 365 will act as next support level. On the other hand 380 will act as a major resistance level.

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