Page 158 - Commodity News

Gold set for worst quarter since 2016-end on robust dollar, yields

Gold prices fell to their lowest in more than three weeks as elevated US Treasury yields and a rising dollar kept the metal on track for its biggest quarterly drop in over four years

Uncertainties may impact recovery in oil demand, says OPEC+ panel

OPEC+ has raised concerns that uncertainties may impact the recovery in oil demand due to rising numbers of virus infections globally and lockdown measures

Gold prices hover near 2-week low as US dollar rallies on economic recovery

Gold prices slipped on Tuesday, around a more than two-week low hit in the previous session, pressured by a stronger US dollar and higher Treasury yields on optimism around a quick economic recovery

Oil prices slump as Suez Canal stuck container ship starts to move

Oil slipped around 2% after news from the Suez Canal that salvage crews have managed to move the giant container ship that has been clogging up the vital global trade passage for nearly a week

Oil prices recover some ground on fears Suez blockage may last weeks

Oil reversed a sharp sell-off a day earlier to rise 1% on mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would squeeze supplies of crude

Gold price today at Rs 48,160 per 10 gm, silver trending at Rs 65,700 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 44,150 per 10 gm, while in Chennai it fell to Rs 42,350

Gold prices rise on Europe coronavirus worries, strong dollar caps gains

Gold prices rose on Thursday as surging Covid-19 cases across Europe fuelled economic growth concerns, although a strong US dollar checked gains in bullion

Oil prices slide as Covid lockdown concerns outweigh Suez Canal disruptions

Oil prices skidded around 2% as fuel demand concerns re-emerged alongside fresh lockdowns, trimming gains spurred by grounding of a giant container ship blocking crude shipments through the Suez Canal

Trading strategies for gold and crude oil by Tradebulls Securities

Range breakout for gold comes above 45,300

Oil rises after Suez Canal blockage, strong European data

Crude was bolstered by positive economic data as Europe posted a record increase in factory output

Gold eases as dollar surges on Jerome Powell's reassurance on inflation

Gold prices eased on Wednesday, as the dollar touched a more than two-week high after US Federal Reserve Chair Jerome Powell reassured Congress that inflation would not spiral out of control

Gold price today at Rs 48,050 per 10 gm, silver trending at Rs 66,000 a kg

In New Delhi, the price of 22-carat gold slipped to Rs 44,050 per 10 gm, while in Chennai it fell to Rs 42,280

Oil extends losses in post-settlement trade on oversupply worries

Oil prices plunged about 6% on Tuesday, falling even lower in post-settlement trade, as concerns over new pandemic curbs and slow vaccine rollouts in Europe added to oversupply uneasiness

Domestic edible oil prices not risen as much as global rates: Piyush Goyal

Domestic edible oil prices have not increased as much as international rates which have been ruling very high over the year, Food Minister Piyush Goyal said on Tuesday in Parliament.

Gold price today at Rs 48,220 per 10 gm, silver trending at Rs 66,600 a kg

In New Delhi, the price of 22-carat gold slipped to Rs 44,200 per 10 gm, while in Chennai it fell to Rs 42,120

Shoppers snap up gold bangles to bars amid price slump in Asia

Gold in the international market dropped 0.9 per cent to $1,729.60 an ounce on Monday

Gold prices slide as Turkey central bank upheaval buoys US dollar

Gold slipped as investors opted for safe-haven assets such as the dollar and bonds after Turkey's abrupt decision to replace central bank head with a critic of high interest rates sparked uncertainty

Oil prices decline as European coronavirus lockdowns douse recovery hopes

Oil prices resumed their decline on Monday, falling around 1% as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading

Gold price today at Rs 48,390 per 10 gm, silver trending at Rs 67,500 a kg

In New Delhi, the price of 22-carat gold slipped to Rs 44,390 per 10 gm, while in Chennai it fell to Rs 42,490

Gold price today at Rs 45,070 per 10 gm, silver trending at Rs 67,300 a kg

Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes