DAILY COMMODITY MARKET STRATEGY- 11 Dec 2015

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Gold looked set for another muted trading session on Friday but was headed for the seventh weekly drop in eight weeks as investors positioned for a looming US rate hike.

FUNDAMENTALS-

Spot gold was little changed at USD 1,070.56 an ounce by 0044 GMT, after closing flat over the last two sessions. For the week, bullion is down 1.5 percent.

Crude prices fell 1 percent on Thursday to the lowest since 2009.

US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.

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