Commodity News

In the global market, gold was trading near $4,700 per ounce on Comex, while silver was around $69 per ounce

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

In the global market, gold was trading near $4,680 per ounce on Comex, while silver was around $67.80 per ounce

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

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

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%

US Core Personal Consumption Expenditures (PCE) inflation and GDP figures will be the key triggers for bullion

In the global market, gold was trading near $4,590 per ounce on Comex, while silver was around $69 per ounce

Brent crude futures settled up $2.16, or 2.4%, at $93.78 a ‌barrel, the highest since July 24

Brent crude climbed to $91.87 a barrel and WTI to $86 as the prolonged conflict raises concerns over supply disruptions from West Asia

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

Global gold ETFs recorded 23.5 tonnes of inflows in July, reversing two straight months of outflows.

However, easing expectations of an interest rate increase by the Federal Reserve remained a positive factor for gold and silver

Brent crude futures climbed 26 cents, ‌or 0.29%, to $91.28 by 0004 GMT, while US West Texas Intermediate crude futures were up 37 cents to $85.31 a barrel

Several traders and banks have recently secured licenses allowing them to bring more silver into the country, though with some unusual import requirements

Brent crude futures rose as ‌much as 1% to $89.40 per barrel and were last trading up 72 cents at $89.20 by 0229 GMT

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.

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 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.

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