Page 102 - Commodity News

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

Gold, silver rise in today's early trade; yellow metal up Rs 440 per 10 gm

Gold became dearer in today's early trade by Rs 440 per 10 gram as the yellow metal (24-carat) is trading at Rs 52,310

On the slide this year, silver likely to see some recovery: Experts

The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth

Oil rises over $1 a barrel as Russian pipeline halt revives supply fears

Russian pipeline monopoly Transneft said Ukraine had suspended oil flows via the pipeline leg because Western sanctions had prevented a payment from Moscow for transit fees from going through.

Oil prices slip amid chance of Iran nuclear deal supply boost

By Alex Lawler

Gold, silver remain unchanged for 2nd day; yellow metal trades at Rs 51,870

10 gram of 22-carat gold traded at Rs 47,550 on Tuesday

India's July fuel demand rises 6.1% year-on-year, reveals ministry data

Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June

Oil prices edge up as strong economic data feeds hopes for demand

Brent crude futures were up 93 cents, or 0.9%, at $95.85 a barrel by 11:20 a.m. ET (1520 GMT). U.S. West Texas Intermediate crude was at $89.68 a barrel, up 67 cents, or 0.8%.

Goldman sees strong case for higher oil prices despite negative shocks

The market will remain in unsustainable deficits at current prices and balancing it will still require 'demand destruction on top of the ongoing economic slowdown', says the investment bank

Gold gains as dollar, treasury yields slip; focus on US inflation data

Spot gold rose 0.5% to $1,783.62 per ounce by 10:02 ET (1402 GMT). U.S. gold futures edged 0.5% higher to $1,799.60.

Gold prices trade in tight range as investors wary of big Fed rate hikes

Spot gold steadied at $1,773.82 per ounce by 0900 GMT, after dropping 1% in the previous session. U.S. gold futures fell 0.1% to $1,789.40.

Short-term trend for MCX Gold turns positive; Silver remains negative

This week, the MCX Gold October futures could consolidate in the range of Rs 51,150 to Rs 52,870; Silver futures need to break above Rs 58,835 for gaining strength.

Gold, silver remain unchanged in early trade; yellow metal at Rs 51,870

Gold prices were flat on Monday after solid US jobs report last week boosted the prospect of aggressive interest rate hikes by the Federal Reserve

Gold, silver rates rise in early trade; yellow metal trading at Rs 51,980

Gold became dearer in Saturday's early trade by Rs 160 per 10 gram with 24-carat of the yellow metal trading at Rs 51,980

Oil prices set to end week at multi-month lows on recession fears

By Noah Browning

Oil prices rise from multi-month lows on supply shortage concerns

Brent crude rose 39 cents, or 0.4%, to $94.51 a barrel by 0900 GMT. U.S. West Texas Intermediate crude was up 27 cents, or 0.3%, at $88.81.

Gold, silver rates rise today; yellow metal trading at Rs 51,820 per 10 gm

The price of silver went up by Rs 200 per kg on Friday, trading at Rs 57,700

Oil prices extend losses on inflation, demand worries; hits 5-month low

Oil prices extended losses, after hitting their lowest since before Russia's February invasion of Ukraine in the previous session, as the market fretted over the impact of inflation

Oil prices stabilise after drop to near 6-month low based on supply fears

By Rowena Edwards

Gold gains more than 1% as US dollar, yields pull back; palladium gains 3%

By Arundhati Sarkar