Commodity News

Oil may hit $100 by mid-Sept as US-Iran standoff persists: Mirae Asset

Mirae Asset Sharekhan said that in the absence of any resolution between the US and Iran, each passing week would see floor prices increasing for global oil prices.

Gold may consolidate after sharp rally; resistance at $4,500: Mirae Asset

Mirae Asset expects gold to find good support in the dips. After a brief consolidation, it is expected to test resistance at $4,500. Support is at $4,300/$4,200-$4,220.

Silver eyes $68 as Fed rate-hike bets ease, says Mirae Asset ShareKhan

Silver price outlook: Praveen Singh of Mirae Asset ShareKhan said that spot silver is expected to consolidate its gains after rising a whopping 12 per cent last week.

Oil prices edge higher after US threatens indefinite blockade of Iran

Brent futures rose 1 cent, or ‌0.1%, to $87.08 a barrel by 0247 GMT, while US West Texas Intermediate (WTI) crude futures rose 6 cents to $81.31 a barrel

Gold falls ₹170 to ₹1,54,712 on MCX, silver slips ₹1,010 after firm start

In the global market, gold was trading near $4,465 per ounce on Comex, while silver was around $65.60 per ounce

Oil prices fall on lower demand growth forecasts despite US-Iran deadlock

Brent futures ‌dropped $1.29, or 1.5 per cent, at $87.69 a barrel by 0100 GMT; US West Texas Intermediate (WTI) crude fell $1.30, or 1.6 per cent, to $81.97

Oil outlook: Brent may rise to $95-97 amid Hormuz risks, says Kotak Sec

If negotiations continue to lose momentum, Brent could move towards $95-97 a barrel. However, any credible diplomatic breakthrough could quickly unwind part of the premium and trigger a sharp reversal

Gold rises ₹1,182 on MCX, silver gains ₹2,314 on investment demand

In the global market, gold was trading near $4,475 per ounce on Comex, while silver was around $66 per ounce

Oil prices rise as doubts over US-Iran deal heighten supply concerns

Brent futures gained 72 cents, or 0.81%, to $89.63 a barrel ‌by 0053 GMT, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85%, to $83.91

Gold rises ₹1,600 on MCX, silver jumps ₹3,132 on safe-haven demand

In the global market, gold was trading near $4,450 per ounce on Comex, while silver was around $66 per ounce

Oil prices rise as Brent tops $88, Asian stocks drift on US-Iran stalemate

MSCI's broadest index of Asia-Pacific shares outside Japan swung between losses and gains and was last up 0.2 per cent while South Korea's Kospi rose 0.3 per cent

Mandatory hallmarking of gold jewellery expanded to 392 districts

Mandatory hallmarking for gold jewellery and artefacts has been expanded to 392 districts, adding 12 districts across nine states to the BIS framework

Gold looks beyond war as inflation, monetary policy steer prices: Report

MOFSL said gold's response to conflicts is increasingly tied to their impact on inflation, real yields and monetary policy, with central-bank buying and ETF flows supporting the long-term outlook

Gold rises ₹85 on MCX, silver jumps ₹2,033 on soft US inflation data

In the domestic market, gold recovered after a weak opening, while silver traded higher

Oil prices rise on uncertainty over reopening of Strait of Hormuz

Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel by 0056 GMT, while US West Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a barrel

Gold, silver likely to extend gains as inflation, West Asia risks loom

Bullion prices are expected to remain firm next week as investors track inflation data from major economies

Gold rises ₹497 on MCX, silver jumps ₹2,157 amid geopolitical tensions

In the global market, gold was trading near $4,320 per ounce on Comex, while silver was around $62.50 per ounce

Oil prices rise 1% on concerns over Strait of Hormuz reopening plans

Brent crude futures ‌rose 99 cents, or 1.2%, to $83.48 a barrel by 0010 GMT while US West Texas Intermediate futures rose 85 cents, or 1.1%, to $78.84

Gold nears ₹1.5 lakh on MCX, silver rallies amid easing West Asia tensions

Gold and silver futures advanced as easing West Asia tensions boosted hopes the US Federal Reserve may delay further interest rate hikes

Oil prices extend declines as investors await outcome of US-Iran talks

Brent crude futures dropped 92 ‌cents, or about 1.2%, to $78.44 a barrel by 0330 GMT