Page 165 - Commodity News

Gold price today at Rs 54,160 per 10 gm, silver trending at Rs 69,700 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 49,650 per 10 gm, while in Chennai it fell to Rs 48,050

Saudi's surprise output cut to lift Brent to $60 a barrel by mid-year: UBS

UBS expects Brent to trade at $63 per barrel in the second half of 2021

Gold prices inch down as higher yields outweigh stimulus optimism

Gold prices edged lower on Thursday as firmer Treasury yields eclipsed support from a Democrat sweep in Georgia Senate runoffs that boosted hopes for more stimulus

Trading strategies for Gold and Aluminum by Bhavik Patel of Tradebulls Sec

Low interest rate is also making gold an attractive bet. We might see inflation coming up in 2021 so that will also be another positive factor for gold

Gold price today at Rs 54,650 per 10 gm, silver trending at Rs 71,400 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 50,060 per 10 gm, while in Chennai it fell to Rs 48,850

Oil hits 11-month high after Saudi Arabia pledges voluntary output cut

Oil prices rose on Wednesday to highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers

Gold eases as dollar gains on 'knife-edge' Georgia runoffs outcomes

Gold edged lower as the dollar firmed with investors tracking two closely contested US Senate runoff races in Georgia that will likely determine President-elect Biden administration's fiscal policy

Brent oil rises to highest since February after Saudi Arabia output cut

Brent oil prices rose to the highest since February after Saudi Arabia agreed to make bigger cuts in output than expected during a meeting with allied producers

Gold price today at Rs 54,700 per 10 gm, silver trending at Rs 70,200 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 50,150 per 10 gm, while in Chennai it fell to Rs 48,560

Saudi pledges voluntary oil output cuts in Feb-March as part of OPEC+ deal

Saudi Arabia pledged additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which most OPEC+ producers will hold production steady

Gold hits two-month peak as investors brace for US Senate runoffs

Spot gold was up 0.12 per cent to $1,946.52 per ounce by 9.16 pm IST, after hitting its highest since November 9 at $1,947.96

Gold prices inch down as dollar recovers; focus turns to Georgia race

Gold prices eased on Tuesday after hitting an eight-week high, as the US dollar recovered from multi-year lows ahead of Senate runoff elections in Georgia

Oil prices slip before OPEC+ resumes meeting on February output levels

Oil prices edged down before deadlocked talks between major producers about potential changes in February output are set to continue later in the day

Oil little changed as investors await OPEC+ decision on February output

Oil prices were little changed after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid new Covid-19 lockdowns

OPEC+ deadlocked over raising oil output, to resume talks on Tuesday

OPEC+ will resume talks after reaching a deadlock over February oil output levels as Saudi argued against pumping more due to new lockdowns while Russia led calls for higher production

Gold price today at Rs 53,520 per 10 gm, silver trending at Rs 70,300 a kg

In New Delhi, the gold price of 22-carat gold is at Rs 49,070 per 10 gm, while in Chennai it fell to Rs 48,150

Oil prices touch multi-month highs as OPEC+ expected to hold output

Oil prices touched multi-month highs on expectations that OPEC and allied producers may cap output at current levels in February as the pandemic keeps worries about first-half demand elevated

Gold prices scale eight-week high as tighter lockdown measures loom

Gold started 2021 on a high by notching an eight-week peak after surpassing the key $1,900 level, as a surge in Covid and prospects of tougher control measures lured investors to the safe-haven metal

Oil dips after OPEC warns of downside risks to demand in first half of 2021

Oil prices dipped on Monday, the first day of 2021 trading, ahead of an OPEC meeting to discuss output levels for February with fears for first-half demand seeping into the market as pandemic lingers

Gold caps its best year in a decade with the dollar on the ropes

Bullion hit a record in August as investors feared an unprecedented wave of stimulus by central banks and governments would lead to currency debasement and inflation