Page 10 - Commodity News
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.
 "Gold recovers as oil retreats; key hurdle stands at $4,200")
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 falls, but heads for weekly gain as West Asia supply risks persist")
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
 "Oil prices climb after fresh US strikes on Iran raise supply concerns")
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
 "Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets")
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
 "Oil prices jump 2% as US strikes on Iran revive supply disruption fears")
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
 "Gold prices slip ₹150, silver declines ₹5,000 amid weak global cues")
Oil prices slip after Opec+ agrees to raise August output targets
Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns
 "Oil prices slip after Opec+ agrees to raise August output targets")
Gold demand in India diminishes as prices rebound; China buying improves
Prices fell about 8.4% in June, the first monthly drop since March, tracking volatility in international gold prices
 "Gold demand in India diminishes as prices rebound; China buying improves")
Silver: Extends its recovery as US$ retreats on soft US job report
Silver prices rebounded on Warsh's remarks in the ECB panel discussion on July 1, and a weaker-than-expected nonfarm US payroll report for June.
 "Silver: Extends its recovery as US$ retreats on soft US job report")
Oil prices up slightly ahead of long US weekend as peace efforts hold
Brent futures climbed 46 cents, or 0.64%, to $72.26 a barrel as of 0407 GMT. West Texas Intermediate was up 32 cents, or 0.47%, to $69.01 a barrel
 "Oil prices up slightly ahead of long US weekend as peace efforts hold")
Oil prices fall over 1% as US-Iran talks ease supply disruption fears
Brent futures lost 79 cents or 1.1% to $70.78 a barrel by 0642 GMT, while US West Texas Intermediate crude fell 84 cents or 1.2% to $67.74 a barrel
 "Oil prices fall over 1% as US-Iran talks ease supply disruption fears")
Accumulate Gold on dips in H2CY2026; next bull likely to start in 2027
For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:
 "Accumulate Gold on dips in H2CY2026; next bull likely to start in 2027")
Brent crude oil bias may remain bearish-to-neutral in H2CY2026
Mohammed Imran, research Analyst at Mirae Asset Sharekhan has a bearish-to-neutral view on Brent through H2CY2026, with a base-case range of $68-72/bbl.
 "Brent crude oil bias may remain bearish-to-neutral in H2CY2026")
Gold's outlook hinges on US payrolls, Fed policy; may test $3,800
Domestically, MCX gold remained relatively resilient, seeing a 5 per cent decline in the June quarter, supported by the depreciation of the Indian rupee and higher import duties.
Oil prices rise as Iran's refusal to meet US envoys dims ceasefire hopes
Brent futures rose 50 cents or 0.69% to $73.45 a barrel at 1208 GMT, while US West Texas Intermediate (WTI) crude climbed 63 cents, or 0.91%, to $70.13 a barrel
 "Oil prices rise as Iran's refusal to meet US envoys dims ceasefire hopes")
Gold heads for biggest monthly decline since 2008 on rate hike fears
Expectations of higher US interest rates and a stronger dollar outweighed geopolitical concerns, sending gold prices sharply lower
 "Gold heads for biggest monthly decline since 2008 on rate hike fears")
Oil prices fall as investors await outcome of US-Iran talks in Doha
Brent August crude futures were down 0.9 per cent, or 64 cents, at $72.51 a barrel as of 0356; US West Texas Intermediate for August fell 0.6 per cent, or 39 cents, to $70.36 a barrel
 "Oil prices fall as investors await outcome of US-Iran talks in Doha")
Oil prices rise as renewed US-Iran strikes disrupt shipping in Hormuz
Brent crude fell 10.6% last week, its third weekly decline, after crude shipments through the strait rose last week to their highest level since the US-Israeli conflict with Iran began in February
 "Oil prices rise as renewed US-Iran strikes disrupt shipping in Hormuz")
Oil prices fall over 3% as more tankers move through Strait of Hormuz
Brent crude futures settled at $71.99 a barrel, down $3.27, or 4.34%. US West Texas Intermediate finished at $69.23 a barrel, down $2.69 or 3.74%
 "Oil prices fall over 3% as more tankers move through Strait of Hormuz")
Gold price falls ₹10 to ₹1,41,320; silver down ₹100, trading at ₹2,34,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,29,540
 "Gold price falls ₹10 to ₹1,41,320; silver down ₹100, trading at ₹2,34,900")