Commodity News

Gold, silver regain momentum; crude oil falls below $100 a barrel

In the global market, gold opened with marginal gains. However, prices later declined before recovering again. Silver had a subdued start in the global market, but later prices rebounded sharply

Red Sea, Hormuz risks may push Brent to $120: Mohammed Imran, Mirae Asset

For investors and corporates, the prudent strategy is to treat oil not as a one-directional price trade but as a geopolitical volatility asset

Silver may stay in $54-61 range in near term amid oil swings, rate concerns

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said oil prices fuelled inflation concerns and increased expectations of higher interest rates.

Higher oil prices may outweigh safe-haven demand for gold: Mirae Asset

Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said elevated expectations of a Fed rate hike are bearish for the metal, but the downside is expected to remain limited

Brent hovers above $100 on Red Sea disruptions, Iran war concerns

Brent futures advanced 37 cents, or 0.37 per cent, to $101.06 a barrel at 0330 GMT, ‌having settled up 7 per cent above $100 in the previous session for the first time since May

Oil forecast: Kaynat Chainwala of Kotak Sec explains why Brent may hit $100

With three simultaneous chokepoints under stress and the Yanbu bypass route now threatened, a Brent move above $100 looks increasingly plausible

Oil prices extend gains on supply disruption fears, Brent tops $92

Brent crude futures rose $1, or 1.1%, to $92.01 a barrel at 0330 GMT while US West ‌Texas Intermediate crude climbed 82 cents, or 1.0%, to $85.16

Gold nears two-week high as Fed outlook, West Asia conflict stay in focus

Spot gold rose 0.9 per cent to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10

Gold, silver futures rise on short covering, signs of US-Iran talks

In the global market, both metals rose after a weak start, while their futures prices opened higher in the domestic market

Brent could top $120 if Hormuz disruptions persist: Goldman Sachs

At present, Goldman sees Brent at $80 a barrel in the fourth quarter, and $75 next year, predicated on a de-escalation of tensions in the West Asia

Gold rebounds Rs 1,400 to near Rs 1.47 lakh/10g; silver declines Rs 1,000

The yellow metal of 99.9 per cent purity climbed Rs 1,400 to Rs 1,46,900 per 10 grams (inclusive of all taxes) from Friday's closing level of Rs 1,45,500 per 10 grams

Gold opens ₹733 higher on MCX; silver gains ₹2,796 amid global tensions

Gold and silver futures traded higher in domestic and global markets as escalating geopolitical tensions boosted demand for safe-haven assets

Brent surpasses $90 as US-Iran conflict fuels fresh oil price rally

Brent crude futures climbed $2.09, or 2.37%, to $90.19 ​by 0241 GMT, touching the highest since June 11, extending gains after rising 15.9% last ‌week, its biggest weekly gain since April

Silver outlook: Hawkish Fed, West Asia tensions weigh; may test $54

Hawkish Fed commentary and escalation in the US-Iran conflict will keep silver under pressure in the short term. The white metal is quite oversold but can extend its decline to test key support at $54

Gold under pressure on rate hike worries as US-Iran conflict escalates

The US Fed chief Warsh's hawkish stance and rate hike worries due to Middle East tensions would keep Gold prices under pressure.

Hormuz blockade risks reignite upward pressure on Crude Oil prices

Crude Oil market has moved beyond a simple war-premium story. It's now balancing three forces at once: geopolitical risk around Hormuz, refinery-led product tightness and softer macro-demand impulse.

Oil prices rise on growing US-Iran hostilities, threat of Red Sea closure

Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz

Oil prices rise for 4th day as US strikes on Iran raise fears of escalation

Brent crude rises to $85.28 a barrel and WTI to $80.02 as renewed US-Iran tensions raise concerns over supply disruptions in the Strait of Hormuz

Gold, silver futures fall on MCX and Comex amid global uncertainty

Gold and silver futures opened lower on both MCX and Comex, with prices remaining under pressure during Wednesday's trading session despite ongoing global uncertainties

Oil prices rise as renewed US-Iran strikes fuel fears over energy supplies

For the second straight session, Brent ​closed at its highest since June 12 and West Texas Intermediate at its ‌highest since June 15 and rose further on early Wednesday trade