Page 150 - Commodity News

Oil slips on possible return of Iranian supply as nuclear talks progress

Brent crude fell 44 cents, or 0.6%, to $68.43 a barrel at 0220 GMT, erasing Wednesday's gain of 22 cents. Brent has traded between $68 and $69 for most of this week

Gold prices slip from 4-1/2-month peak as US dollar regains footing

Spot gold was down 0.1% at $1,894.88 per ounce by 0235 GMT, after hitting its highest since Jan.8 at $1,912.50 on Wednesday

Here's why Bhavik Patel of Tradebulls thinks Brent crude may hit $80 soon

Crude oil prices are above their daily 5, 8, 13, and 21 day moving average envelope, which is in bullish sequential order

India's oil industry struggles to predict demand recovery in pandemic

Diesel and gasoline, which account for more than half of oil consumption in India, are bearing the brunt of lockdowns.

Investors, Dutch court deliver 'stark warning for Big Oil' on climate

Investor support for climate concerns could force oil and gas companies to rethink how fast they pivot to other forms of energy

Gold returns to where it started 2021 on Fed's dovish commitment

Signs of inflation would "prove to be largely transitory," Fed Vice Chair Richard Clarida said in a Yahoo! Finance interview

Gold rises above $1,900/oz as dollar weakens, inflation jitters persist

Gold prices rose above the key psychological level of $1,900 per ounce on Wednesday, helped by a weaker dollar and growing inflation concerns after Federal Reserve officials maintained a dovish stance

Gold prices firm near multi-month highs on weaker dollar and yields

Spot gold was up 0.2% to $1,885.47 per ounce by 0724 GMT, after falling as much as 0.5% earlier in the session

Gold prices ease on global recovery hopes; weak dollar limits losses

Gold prices edged lower on Tuesday as hopes of quick economic recovery lifted demand for riskier assets, although a weaker dollar and lower US Treasury yields limited losses for the safe-haven metal

Gold prices edge higher on a weaker dollar and US Treasury yields

Spot gold was up 0.1 per cent at $1,882.61 per ounce at 10:25 am EDT (7:55 pm IST), having last week reached its highest since Jan. 8 at $1,889.75. US gold futures gained 0.3 per cent to $1,881.50

Mandatory hallmarking of gold jewellery: Govt extends deadline till June 15

The Centre on Monday further extended the deadline for mandatory hallmarking of gold jewellery and artefacts by a fortnight till June 15 in view of the COVID-19 pandemic

Oil prices regain some losses amid potential Iran hitch; GS bullish

Oil prices rose on Monday as a potential snag emerged in reviving the 2015 Iran nuclear deal that could add more oil supply, while Goldman Sachs said the case for higher prices remains intact

Gold hovers near 4-1/2-month high on tepid dollar, inflation jitters

Spot gold was up 0.2% at $1,883.21 per ounce by 0301 GMT. Last week, gold prices hit their highest level since Jan. 8 at $1,889.75

Oil prices rise as storm forms in Gulf, doubts emerge on Iran deal

Brent crude oil futures for July rose 32 cents, or 0.5%, to $66.76 a barrel by 0143 GMT, while U.S. West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or 0.6%

Gold eases, set for third weekly gain on weak dollar, inflation jitters

Gold edged lower on Friday, as optimism around a swift economic recovery lifted appeal for riskier assets

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Oil nudges up, set for biggest weekly loss since March on Iran supplies

Brent crude futures for July rose 10 cents, or 0.2%, to $65.21 a barrel by 0032 GMT while U.S. West Texas Intermediate for July was at $62.16 a barrel, up 22 cents, or 0.4

Gold slips as US Federal Reserve officials hint at possible 'taper' talks

Fed minutes published on Wednesday showed "a number" of officials thought that if the recovery holds up, it might be appropriate to "begin discussing a plan for adjusting the pace of asset purchases"

DAP prices might soften ahead as inputs costs in global markets look down

Centre may not need to provide further support this year as worst seems over for the two major input that goes into making DAP for now

Gold holds below four-month peak as dollar; Treasury yields rebound

Spot gold was flat at $1,869.50 per ounce by 0500 GMT, after hitting its highest since Jan. 8 at $1,889.75 on Wednesday