Page 101 - Commodity News

MCX Crude Oil futures can slide to Rs 5,700-level, chart suggests

Sustained trade below Rs 6,800-level, can trigger a sharp slide in MCX Crude Oil August futures towards the 50-WMA; Meanwhile, bias for Natural Gas is positive.

Gold, silver prices fall in early trade; yellow metal at Rs 52,360/10 gm

Gold prices were flat on Wednesday, as investors awaited the release of the minutes of the US Federal Reserve's last policy meetin

Gold, silver prices unchanged in early trade; yellow metal at Rs 52,530

Ten gram of the 24-carat gold is trading at Rs 52,530

Oil prices fall below $94 a barrel, awaits news of Iran nuclear deal

Brent crude futures fell $2.27, or 2.4%, to $92.83 a barrel. The contract hit a session low of $92.51 per barrel, the lowest since Feb. 18

Gold prices fall by Rs 764 per 10 gm; silver by Rs 1,500 per kg

The precious metal had closed at Rs 53,111 per 10 grams in the previous trade

Oil reverses losses, prices rise by about 1%; demand concerns persist

Brent crude futures rose 72 cents, or 0.8%, to $95.82 a barrel by 1219 GMT, after hitting a session low of $93.20. WTI crude futures rose $1.03, or 1.2%, to $90.44 a barrel, after falling to $87.82.

MCX Gold, Silver futures slide; Key levels to watch out this week

Sustained trade below Rs 52,065, can trigger a fall to Rs 51,650 - 51,700 levels on the Gold futures; whereas Rs 57,200 is the key support for Silver futures.

Precious metals fall as dollar firms, gold hits its lowest since Aug 8

Spot gold slid 1.3% to $1,778.35 per ounce by 11:16 ET, having hit its lowest since Aug. 8 earlier in the session. U.S. gold futures dropped 1.2% to $1,794.20.

Disappointing China economic data sparks industrial metals' sell-off

China's economy unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing

Oil drops over $3 a barrel as China data disappoints, Iran talks in focus

Brent crude futures fell $3.49, or 3.56%, to $94.66 a barrel by 0945 GMT after settling 1.5% lower on Friday.

Gold, silver rates unchanged in today's trade; yellow metal at Rs 52,530

In Mumbai, and Kolkata, 24-carat gold was selling at Rs 52,530 per 10 gram

Gold rates up by Rs 440; silver down by Rs 400/kg, trading at Rs 58,500

Gold prices went up in Saturday's early trade by Rs 440 as 10 gram of the yellow metal (24-carat) is trading at Rs 52,090

Oil prices set for weekly climb, uncertain demand outlook cap gains

Brent crude futures were down 9 cents, or 0.1%, to $99.51 a barrel 0900 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 38 cents or 0.4% to $93.96 a barrel.

Gold unchanged today; silver down by Rs 7,250, trading at Rs 51,650 a kg

Gold prices were flat on Friday, weighed down by an uptick in the Treasury yields and prospects of US interest rate hikes

OPEC, unlike IEA, sees lower 2022 oil demand growth, sticks to 2023 view

In a monthly report on Thursday, OPEC said it expects oil demand to rise by 3.1 million bpd, or 3.2%, in 2022, down 260,000 bpd from the previous forecast

Gas prices dip just below $4 a gallon for the first time in 5 months in US

Falling prices for gas, airline tickets and clothes are giving consumers a bit of relief, although inflation is still close to a four-decade high.

Oil steady as International Energy Agency hikes 2022 demand growth forecast

Brent crude futures slipped 7 cents, or 0.1%, to $97.33 a barrel by 0829 GMT, while U.S. West Texas Intermediate crude futures eased 9 cents, or 0.1%, to $91.84.

Gold subdued on hawkish policy remarks by Fed after US inflation data

Spot gold fell 0.3% to $1,786.71 per ounce by 0852 GMT, after hitting its highest since July 5 at $1,807.79 on Wednesday.

Gold, silver prices fall in early trade; yellow metal dips Rs 660 per 10 gm

The price of silver declined by Rs 300 per kg to Rs 58,700 per kg

Copper hits five-week high after US data undershoots, dollar slides

Three month copper on the London Metal Exchange gained 1.3% to $8,089 a tonne by 1630 GMT, the highest since July 1, after earlier easing to $7,889