Commodity News

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

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%

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

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 falls ₹362 on MCX, silver drops ₹2,418 as global yields rise

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

Oil prices edge higher on uncertainty over exports through Hormuz

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

India's silver imports pick up as traders navigate new licensing rules

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

Oil prices rise as US-Iran peace talks stall, Hormuz shipping slows

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

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