BULLION:
Gold languished near its lowest level in nearly six years on Tuesday, while silver and platinum also held near multi-year lows on a strong dollar and increasing expectations that the Federal Reserve would increase U.S. interest rates next month. The precious metals have been hit by strength in the dollar and expectations that the Fed would hike rates in December for the first time in nearly a decade. San Francisco Fed President John Williams on Saturday cited a "strong case" for raising rates when Fed policymakers meet next month, as long as U.S. economic data does not disappoint, echoing other officials.

BASE METAL:
LME copper will move at lows between USD 4,435-4,495/mt during Asian trading hours Tuesday. Market expects US core PCE price index to be upbeat as US inflation improves recently. US Q3’s GDP, due out overnight, only posted a 1.5% rise. This mirrored that slower growth in inventories led to shortage of rising strength in economy.US dollar fell back overnight after touching 1000. But the dollar is expected to seek support from economic figures due out Tuesday. This bodes ill for base metals prices. LME copper is expected to continue falling this week, with prices expected between $4,500-4,680 per tonne, Shanghai Metals Market foresees.

ENERGY:
Crude oil futures rose on Tuesday after Saudi Arabia pledged to work towards oil price stability, while a strong U.S. dollar and an expected rise in U.S. crude stocks kept the gains in check. The focus is turning to the upcoming OPEC meeting and the hope that some production cuts will be forthcoming. OPEC member comments leading into the December 4 meeting are likely to continue to drive sentiment, ANZ said in a note on Tuesday. ANZ added in its note that investors are awaiting U.S. crude stocks data, with expectations of a small increase.

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