Commodity News
Gold rises ₹320 on MCX, silver gains ₹1,456 as US bond buybacks lift demand
In the global market, gold was trading near $4,700 per ounce on Comex, while silver was around $69 per ounce
 "Gold rises ₹320 on MCX, silver gains ₹1,456 as US bond buybacks lift demand")
Oil prices fall 2% after Iran-Oman resume talks to reopen Strait of Hormuz
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
 "Oil prices fall 2% after Iran-Oman resume talks to reopen Strait of Hormuz")
Gold falls ₹214, silver declines ₹1,921 as investors book profits
In the global market, gold was trading near $4,680 per ounce on Comex, while silver was around $67.80 per ounce
 "Gold falls ₹214, silver declines ₹1,921 as investors book profits")
Oil steady as investors weigh impact of expanded US sanctions against Iran
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
 "Oil steady as investors weigh impact of expanded US sanctions against Iran")
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
 "Gold hits over 3-month high ahead of US inflation data, Fed chair speech")
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%
 "Oil prices fall ahead of expected US announcement on new Iran sanctions")
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
 "Bullion may shine next week as traders await US inflation data, Fed signals")
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 crosses $4,550, silver tops $67 in global market on weak dollar")
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's next test: Can the August rally survive Jackson Hole?")
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
 "Gold falls ₹362 on MCX, silver drops ₹2,418 as global yields rise")
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
 "India's silver imports pick up as traders navigate new licensing rules")
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.
 "Oil may hit $100 by mid-Sept as US-Iran standoff persists: Mirae Asset")
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.
 "Gold may consolidate after sharp rally; resistance at $4,500: Mirae Asset")
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.
 "Silver eyes $68 as Fed rate-hike bets ease, says Mirae Asset ShareKhan")
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