Commodity News
Oil may top $100 as Hormuz, Russia risks persist: Mirae Asset Sharekhan
Mirae Asset Sharekhan believes that the crude oil market balance is likely to remain in deficit through 2026.
 "Oil may top $100 as Hormuz, Russia risks persist: Mirae Asset Sharekhan")
Silver outlook: Dovish Fed eases pressure; Mirae Asset sees support at $65
Mirae Asset Sharekhan said dovish Fed commentary has eased downside pressure on silver, but high China inventories, subdued LBMA lease rates and weak ETF flows remain concerns.
 "Silver outlook: Dovish Fed eases pressure; Mirae Asset sees support at $65")
Gold: Crude, inflation key threats; analyst sees $4400 as tactical buy zone
Mirae Asset ShareKhan's Praveen Singh said that gold's key support levels are at $4,450, $4,358, and $4,300-4,330, while resistance is seen at $4,533, $4,575, and $4,650.
 "Gold: Crude, inflation key threats; analyst sees $4400 as tactical buy zone")
Oil prices edge lower as markets weigh renewed US-Iran supply risks
Brent crude fell 0.45% to $95.20 a barrel while WTI slipped 0.26% to $90.77 as investors weighed the risk of renewed US-Iran strikes disrupting West Asian supplies
 "Oil prices edge lower as markets weigh renewed US-Iran supply risks")
Oil prices rise as US-Iran fighting renews fears of supply disruptions
Brent crude rose 0.6% to $91.05 a barrel as renewed US-Iran fighting raised concerns over supply from the Middle East, the world's key oil-producing region
 "Oil prices rise as US-Iran fighting renews fears of supply disruptions")
Oil prices jump more than 2% after US attack on Iran's Larak island
Brent crude futures climbed $2.51, or 2.85 per cent, to $90.61 a barrel as of 0241 GMT while US West Texas Intermediate crude was at $85.53, up $2.13, or 2.55 per cent
 "Oil prices jump more than 2% after US attack on Iran's Larak island")
Bullion braces for swings as US jobs data, Iran tensions take centrestage
Bullion markets enter September after a sharp weekly correction, with traders watching US labour data, Fed rate expectations and geopolitical tensions for the next price cues
 "Bullion braces for swings as US jobs data, Iran tensions take centrestage")
Oil prices on track for weekly loss despite simmering Iran tensions
Brent crude futures were down 25 cents, or 0.3%, to $89.45 a barrel while West Texas Intermediate crude futures fell 22 cents, also 0.3%, to $83.31
 "Oil prices on track for weekly loss despite simmering Iran tensions")
Gold rises ₹320 on MCX, silver gains ₹1,456 as US bond buybacks lift demand
In the global market, gold was trading near $4,700 per ounce on Comex, while silver was around $69 per ounce
 "Gold rises ₹320 on MCX, silver gains ₹1,456 as US bond buybacks lift demand")
Oil prices fall 2% after Iran-Oman resume talks to reopen Strait of Hormuz
Brent crude futures fell $1.78, or 2.0%, to $86.80 a barrel by 0027 GMT, while US West Texas Intermediate crude futures were down $1.49, or 1.8%, at $80.87
 "Oil prices fall 2% after Iran-Oman resume talks to reopen Strait of Hormuz")
Gold falls ₹214, silver declines ₹1,921 as investors book profits
In the global market, gold was trading near $4,680 per ounce on Comex, while silver was around $67.80 per ounce
 "Gold falls ₹214, silver declines ₹1,921 as investors book profits")
Oil steady as investors weigh impact of expanded US sanctions against Iran
Brent crude futures were down 9 cents, or 0.1%, at $92.16 by 0104 GMT, while US West Texas Intermediate crude was up 1 cent at $85.02 a barrel
 "Oil steady as investors weigh impact of expanded US sanctions against Iran")
Gold hits over 3-month high ahead of US inflation data, Fed chair speech
Spot gold was up 0.9 per cent at $4,643.63 per ounce, as of 0644 GMT, the highest level since mid May. Prices gained more than 5 per cent last week
 "Gold hits over 3-month high ahead of US inflation data, Fed chair speech")
Oil prices fall ahead of expected US announcement on new Iran sanctions
Brent crude futures fell $1.22, or 1.29%, to $93.17 by 0035 GMT, while US West Texas Intermediate crude was at $85.86 a barrel, down $1.20, or 1.38%
 "Oil prices fall ahead of expected US announcement on new Iran sanctions")
Bullion may shine next week as traders await US inflation data, Fed signals
US Core Personal Consumption Expenditures (PCE) inflation and GDP figures will be the key triggers for bullion
 "Bullion may shine next week as traders await US inflation data, Fed signals")
Gold rises ₹1,205 on MCX, silver gains ₹1,745 on safe-haven demand
In the global market, gold was trading near $4,590 per ounce on Comex, while silver was around $69 per ounce
Oil rises over 2%, nears $94 as Trump threatens countries supporting Iran
Brent crude futures settled up $2.16, or 2.4%, at $93.78 a barrel, the highest since July 24
Oil prices rise for fifth session as Iran war threatens global supply
Brent crude climbed to $91.87 a barrel and WTI to $86 as the prolonged conflict raises concerns over supply disruptions from West Asia
Gold crosses $4,550, silver tops $67 in global market on weak dollar
On the Multi Commodity Exchange (MCX), gold futures were trading near ₹1,58,300 per 10 gram at the time of writing, while silver futures were around ₹2,40,300 per kg
Gold's next test: Can the August rally survive Jackson Hole?
Global gold ETFs recorded 23.5 tonnes of inflows in July, reversing two straight months of outflows.
 "Gold's next test: Can the August rally survive Jackson Hole?")