COMMODITY HEADLINES

 Nickel futures surge 0.61% on global cues
 Zinc futures slide 1.70% over White House turmoil
 White metal little changed as US political crisis deepens
 Copper futures plunge 1.16% on worries over Trump
 Aluminium futures drop 0.32% on muted demand
 Lead futures slip 0.89% on ease in demand

TODAY'S Recommendations
BUY GOLD ABOVE 29000 TGT 29100 29300 SL BELOW 28900
SELL GOLD BELOW 28600 TGT 28500 28300 SL ABOVE 28700
BUY SILVER ABOVE 39050 TGT 39250 39750 SL BELOW 38850
SELL SILVER BELOW 38690 TGT 38490 38000 SL ABOVE 38890

SPECIAL NEWS

Brazilian markets plummeted on Thursday as allegations that President Michel Temer condoned bribes to silence a key witness deflated investor optimism about the prospects for his ambitious pension and labor reform agenda.Brazil's benchmark Bovespa stock index (BVSP) closed 8.8 percent lower, its biggest daily decline since the 2008 financial crisis.

The declines slashed 26 billion reais ($7.7 billion) off the market values of Itaú and Petrobras.The Sao Paulo stock exchange saw 3.1 million transactions, breaking a previous record set in October 2014, the day former President Dilma Rousseff won a narrow runoff election, according to exchange operator B3 Bolsa Balcão Brasil SA (SA:BVMF3).

Greek lawmakers approved pension cuts and tax hikes on Thursday sought by the country's lenders to unlock vital financial aid, as angry demonstrators protested outside parliament over new austerity, the latest since the country plunged into crisis seven years ago.The leftist -led government hopes that legislating the measures, four days before euro zone finance ministers meet in Brussels, will convince its lenders to release a 7.5 billion euro bailout tranche and grant it further debt relief.

It is now up to the lenders to make good their promises, Prime Minister Alexis Tsipras told journalists."We deserve and we expect from Monday's Eurogroup a decision regulating debt relief which will correspond to the sacrifices of the Greek people," he said, referring to a meeting of euro zone finance ministers on Monday.

COMMODITY BUZZ

Gold gained in Asia on Friday on heightened risk sentiment over political turmoil in Brazil and the U.S. and a potentially softer outlook for Fed rate hikes this year as the Trump administration faces headwinds on its economic stimulus plans.Gold for June delivery on the Comex division of the New York Mercantile Exchange eased 0.21% to $1,250.19 a troy ounce.

Demand fell for traditional safe-havens such as gold, U.S. treasuries, and the yen, as investors turned attention to better than expected U.S. economic data, despite continued political turmoil in Washington.

Oil futures rose in early trading on Friday on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of gains.Brent crude (LCOc1) was up 12 cents at $52.63 at 0006 GMT, after settling up half a percent on Thursday. The contract is on track for a 3.5-percent climb this week, a second week of gains.U.S. crude oil (CLc1) was up 14 cents at $49.49 a barrel, after finishing the previous session at $49.35 a barrel, the highest close since April 26.

The contract is heading for a weekly increase of 3.4 percent.Oil prices have been trapped in a tight range in recent weeks as rising U.S. production has erased the effects of output cuts by the Organization of Petroleum Exporting Countries (OPEC) and other countries, including Russia.

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