Page 152 - Commodity News

Gold extends rally as weak dollar, inflation jitters lift appeal

Spot gold was up 0.2% at $1,869.12 per ounce by 0642 GMT

Oil extends gains as US, European reopenings outweigh fear of Asia demand

Brent crude oil futures were up 20 cents, or 0.3 per cent, at $69.66 a barrel by 0231 GMT, while West Texas Intermediate (WTI) was up 19 cents, or 0.3 per cent, at $66.46 a barrel

Gold prices at 3.5 month high on weaker dollar, inflation anxiety

Gold prices on Tuesday rose to their highest in more than three months as a weaker US dollar and growing inflationary pressure lifted bullion's appeal as an inflation hedge

Gold scales over three-month high on virus worries, lower US yields

Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging Covid cases in some Asian countries boosted demand for metal

Oil edges lower as Covid-19 restrictions in Asia fuel demand concerns

Brent crude oil futures were down 8 cents, or 0.1%, at $68.63 a barrel as of 0036 GMT, and West Texas Intermediate (WTI) crude was down 7 cents, or 0.1%, at $65.30

Gold import jumps to $6.3 bn in April due to surge in domestic demand

Gold import, which has a bearing on the country's current account deficit, zoomed to $6.3 billion for the month of April due to a surge in domestic demand, according to the Commerce Ministry data.

Surging steel prices not to affect domestic demand says Tata Steel CEO

The rising prices of steel which is widely used in sectors like construction, auto, etc will not affect the demand in the domestic market, Tata Steel CEO and Managing Director T V Narendran has said.

Platts cuts India's 2021 oil demand by 28%; sees crude topping $70

However, once the lockdowns are lifted, Platts expects the pent-up demand to get released, which in turn will act as a catalyst for economic growth

Gold bond issue price fixed at Rs 4,777/gm; subscription opens May 17

The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 17, has been fixed at Rs 4,777 per gram, the Reserve Bank of India said on Friday.

Akshaya Tritiya begins on sombre note; jewellers expect 10-15% sales

Akshaya Tritiya has started on a sombre note and jewellers are expecting only 10-15 per cent sales as the onset of the Covid-19 second wave has affected consumer sentiment

'Any level between Rs 45,000-Rs46,000 is ideal for investing in Gold'

If prices gets lower around Rs 46,650 during Akshaya Tritiya 2021, we would recommend investors to buy

Gold edges lower as firmer US dollar offsets easing bond yields

Gold edged lower on Friday, as a firmer dollar made bullion more expensive for other currency holders, although a pullback in the U.S. Treasury yields limited losses for the safe-haven metal

Oil prices drop 3% on India's Covid-19 crisis; US pipeline restart

Oil prices fell about 3 per cent on Thursday as India's coronavirus crisis deepened and a key US fuel pipeline resumed operations, halting a rally that had lifted crude to an eight-week high

Gold rises on hopes of rates staying low, firm treasury yields cap gains

Spot gold was up 0.3 per cent at $1,821.02 per ounce by 07:12 GMT, after falling more than 1 per cent in the previous session

Indian steel companies see long-term change as industry rally continues

DMarket has rising since November and even lockdowns for Covid-19 have not hurt demand, say executives.

Oil prices rise to 8-week high on demand hopes; US export decline

Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand

Oil prices climb on drop in US oil stockpiles; solid demand outlook

Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC's robust demand outlook

Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes

The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,

Iron ore prices surge as global economy rebounds, Covid-19 pandemic recedes

The rebound in the global economy as the Covid-19 pandemic recedes has sent rust on a wild ride. Prices for futures in Singapore have nearly doubled in the past six months to a record high of $226.55,

India keeps global rice prices in check with record exports

The world's biggest rice exporter is heading for record shipments this year that will help to keep rising food prices in check, according to the United Nations' Food and Agriculture Organization.