Commodity News

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

Oil prices climb to one-month high as US, Iran step up attacks in Hormuz

Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz

Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip?

Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.

Oil prices jump 4%, Asian shares slip after US, Iran carry out airstrikes

The price of Brent crude, the international standard, gained 3.9 per cent to $78.96 per barrel, while US benchmark crude oil added 4 per cent to $74.26 per barrel

Gold, silver may stay volatile amid US-Iran tensions, inflation data

Analysts expect precious metals to remain volatile as investors assess the US-Iran conflict, crude oil prices and key inflation data that could influence global interest rate expectations

Silver price outlook: Rate hike risks could limit upside, says Mirae Asset

Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.

Gold recovers as oil retreats; key hurdle stands at $4,200

Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.

Oil falls, but heads for weekly gain as West Asia supply risks persist

Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz

Oil prices climb after fresh US strikes on Iran raise supply concerns

Brent crude futures rose 78 cents, or 1 per cent to $78.8 a barrel by 0054 GMT, while US West Texas Intermediate crude futures were up 74 cents, or 1.01 per cent, at $74.26 a barrel

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Spot gold fell 0.1% to $4,100.32 per ounce ‌by 0107 GMT, after dropping to its lowest since July 2 earlier in the day

Oil prices jump 2% as US strikes on Iran revive supply disruption fears

Brent crude futures gained $1.38, or 1.9%, to $75.54 a barrel, and US West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9% at 0128 GMT

Gold prices slip ₹150, silver declines ₹5,000 amid weak global cues

A stronger US dollar and subdued global sentiment prompted traders to trim positions, while investors tracked geopolitical risks and the US Federal Reserve's policy outlook

Oil prices slip after Opec+ agrees to raise August output targets

Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns

Gold demand in India diminishes as prices rebound; China buying improves

Prices fell about 8.4% in June, the first monthly drop since March, tracking volatility in international gold prices