Commodity News
Silver selloff seems overdone, says Mirae Asset Sharekhan; here's why
The crude oil/silver ratio has fallen through the crucial support around 58, which means silver remains vulnerable to rise in oil prices.
 "Silver selloff seems overdone, says Mirae Asset Sharekhan; here's why")
Gold outlook bleak; avoid aggressive selling without stop loss: Analyst
Gold price outlook: Near-term resistance is at $4140/$4227; support is at $4000/$3930.
 "Gold outlook bleak; avoid aggressive selling without stop loss: Analyst")
Crude oil up 85% in 2026 poses threat to global economy; Brent may hit $120
Brent climbed back above $113 a barrel after a deadly drone strike on Saudi Aramco's Shaybah field, highlights Mohammed Imran of Mirae Asset Sharekhan.
 "Crude oil up 85% in 2026 poses threat to global economy; Brent may hit $120")
Silver slips below ₹2 lakh amid selling pressure; gold also declines
Gold and silver were trading weak in early trade after recording sharp losses in the previous session
 "Silver slips below ₹2 lakh amid selling pressure; gold also declines")
Oil little changed as supply concern lingers amid Houthi attacks on Saudi
Brent crude futures was down 21 cents, or 0.2%, at $112.96 a barrel as of 0030 GMT, while US West Texas Intermediate crude was down 27 cents, or 0.3%, at $98.12
 "Oil little changed as supply concern lingers amid Houthi attacks on Saudi")
Oil prices rise over $2 as Houthi attacks in Saudi Arabia fuel supply fears
Brent crude rose 1.2% to $110.11 a barrel and US WTI gained 1% to $98.12 after Houthi attacks in Saudi Arabia killed three people and prompted Washington to order some diplomats' families to leave
 "Oil prices rise over $2 as Houthi attacks in Saudi Arabia fuel supply fears")
Gold, silver extend losses as crude oil prices rise amid West Asia tenions
In the global market, gold futures on Comex were trading near $4,110 per ounce, while silver was trading near $56.50 per ounce
Asian markets slip, led by South Korea, despite upbeat US tech earnings
MSCI's Asia-Pacific index outside Japan fell 0.2%, while South Korean shares dropped over 1%. Concerns over AI spending and Gulf tensions offset stronger-than-expected US technology earnings
 "Asian markets slip, led by South Korea, despite upbeat US tech earnings")
Brent near 5-month high on West Asia supply fears, US inventory drawdowns
Brent crude futures rose $1.32, or 1.2%, to $110.11 per barrel by 0747 GMT while US West Texas Intermediate (WTI) crude gained $1.18, or 1.2%, to $99.00 per barrel
 "Brent near 5-month high on West Asia supply fears, US inventory drawdowns")
Gold may test 4,000-mark if oil extends rally; US Fed moves eyed: Kotak Neo
Gold price outlook: If Brent extends rally and feeds into hotter inflation data and firmer Fed hike bets, lifting yields and the dollar, Gold could test $4,000-mark, says Kaynat Chainwala, Kotak Neo.
 "Gold may test 4,000-mark if oil extends rally; US Fed moves eyed: Kotak Neo")
Gold, silver fall as higher crude oil prices revive rate-hike concerns
In the global market, gold futures on Comex were trading near $4,140 per ounce, while silver was trading near $57.60 per ounce
 "Gold, silver fall as higher crude oil prices revive rate-hike concerns")
Brent crude holds near 5-month high as W Asia tensions stoke supply fears
Brent crude futures rose to $111.05 a barrel, the highest since May, and as of 0810 GMT were trading at $110.80, up $1.25 or 1.1%
Oil slips from 5-month high as Russia sanctions waiver lifts supply hopes
Brent crude futures fell $2.29, or 2.08%, to $107.57 a barrel by 0619 GMT after settling at its highest since May 19 on Friday
Gold, silver prices rise as traders pare bets on October Fed rate hike
In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $57.60 per ounce
 "Gold, silver prices rise as traders pare bets on October Fed rate hike")
Mutual funds halt new gold FoF investments, ETF channel kept open
Restrictions come amid soaring gold investments and at a cost for AMCs
Gold FoF subscriptions halted: What the restrictions mean for investors
Restrictions may slow fresh FoF inflows, but investors can still buy gold ETFs through demat accounts
 "Gold FoF subscriptions halted: What the restrictions mean for investors")
Oil prices dip but head for weekly gains amid West Asia supply concerns
The International Energy Agency agreed to release over 20 million barrels of diesel to the market and any oil remaining from a record release of emergency reserves pledged in March to boost supply
 "Oil prices dip but head for weekly gains amid West Asia supply concerns")
Silver outlook bearish; may fall to $48 if $54.50 support breaks: Analyst
Praveen Singh of Mirae Asset Sharekhan said that silver has fallen quite sharply in the last few weeks. The white metal looks weaker than gold, as ETF flows are not inspiring.
 "Silver outlook bearish; may fall to $48 if $54.50 support breaks: Analyst")
Sell gold on rallies as rate hike concerns weigh: Mirae Asset Sharekhan
Praveen Singh of Mirae Asset Sharekhan has said that spot gold is facing tremendous selling pressure on rate hike concerns as inflation continues to run hot. It is advisable to sell into rallies.
 "Sell gold on rallies as rate hike concerns weigh: Mirae Asset Sharekhan")
Gold, silver rebound on buying at lower levels as crude oil softens
Comex gold futures rose to $4,168.10 per ounce, while silver edged up to $56.10, with gold still below its year-to-date peak of $5,586.20