Page 2 - Commodity News

Gold opens ₹141 lower, silver rises ₹424 on MCX as oil prices fall

Silver futures opened higher on Wednesday, September 23, while gold traded with modest losses in the domestic market

Crude oil outlook: US-Iran talks; high transit cost in focus

The global cost of carrying crude oil which used to be around 1-2 per cent of the total contract value has now faring 20-25 per cent to Asian refiners.

Gold, silver futures trade higher on hopes of easing West Asia tensions

In the global market, gold futures on Comex were trading at around $4,385 per ounce, while silver was trading near $66.60 per ounce

Oil prices rise slightly ahead of potential US-Iran talks at UNGA

The Brent crude futures November contract ​gained 22 cents, or 0.22%, to $100.57 a barrel at 0021 GMT

Gold falls ₹881 on MCX, silver slips ₹1,599 amid global price fall

In the global market, gold futures on Comex were trading near $4,400 per ounce, while silver was trading near $66.70 per ounce

Oil prices hit over 1-week low on hopes of boost to diplomacy in Iran war

Brent crude futures and US West Texas Intermediate crude touched their lowest since September 10 earlier on ‌Monday, with Brent at $101.71 a barrel by 0213 GMT, down $2.16, or 2.08%

Gold, silver prices strengthen despite US Federal Reserve rate hike

In early trade on Friday, September 18, gold and silver prices were trading firm

Oil falls 1%, remains above $100 on hopes of limited supply disruptions

Brent crude futures fell $1.01, or 1%, to $103.77 a barrel by 0020 GMT, while US West Texas ‌Intermediate futures fell $1.03, or 1%, to $100.88 a barrel

Oil prices fall as Saudi crude cargoes ease fears of supply disruption

Brent crude fell 1.2 per cent to $104.59 a barrel, while WTI dropped 1.1 per cent to $101.29 as concerns over Middle East supply eased

Gold rises ₹1,291 amid Fed rate-hike concerns, silver jumps ₹3,667

In the global market, gold was trading near $4,375 per ounce on Comex, while silver was trading near $65 per ounce

Oil prices fall as US crude inventories rise despite Saudi supply concerns

Brent crude futures fell 93 ‌cents, or 0.86%, to $107.82 a barrel at 0028 GMT, while US West Texas Intermediate futures were down 97 cents, or 0.92%, at $104.86 a barrel

Iran's Hormuz leverage weakens but oil supply risks remain: Mirae Asset

Several shipping tracking companies are reporting improved oil flows from the South side of the Strait of Hormuz, which comes under Omani control.

Gold falls ₹115 on US interest rate hike fears, silver declines ₹461

The benchmark October gold contract opened at ₹1,51,115 per 10 gram, down ₹115 from the previous close of ₹1,51,230

Oil rises as Saudi pipeline outage, fresh attacks raise supply concerns

Brent crude futures ​rose $1.24, or 1.18%, to $106.93 a barrel at 0026 GMT, after climbing 1% previously, while US ‌West Texas Intermediate futures were up $1.29, or 1.24%, at $102.65 a barrel

Oil prices jump over 3% after new strikes on Saudi Arabia, Strait of Hormuz

Brent crude futures ​climbed $3.43, or 3.3%, to $108.04 per barrel by 0924 GMT while WTI futures gained $3.49, or 3.5%, ‌to $103.54 per barrel

Crude oil at $120/bbl? Mirae Asset Sharekhan explains why this is possible

Average crude oil prices will stay significantly higher than the previous forecast, as the recent turn of events would shrink global inventories.

Oil prices set to end week above $100 for first time in nearly 4 months

Brent crude ​futures rose 81 cents, or 0.8%, to $108.44 a barrel by 0345 GMT while US West Texas Intermediate crude rose 69 ‌cents, or 0.7%, to $103.17 a barrel

Gold falls ₹182 on MCX, trading near ₹1,53,650; silver declines ₹907

Gold edged lower in early trade on Comex after opening at $4,448 per ounce, with the precious metal last trading at $4,458.90, down $1.80 from the previous close

Oil prices cross $100 as Iran-US attacks deepen crude supply fears

Brent crosses the $100 mark as attacks on shipping near the Strait of Hormuz intensify, raising concerns over deeper disruptions to global oil supplies

Gold faces a critical test as markets reprice Fed rate expectations

Domestically, the dollar was whipsawed by a shifting Fed outlook through the week, leaving gold caught between a structurally softer greenback and rising rate-hike probability.