Page 2 - Commodity News

Oil prices climb to one-month high as US, Iran step up attacks in Hormuz

Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz

Gold can fall up to 16% to $3400/oz, say analysts; should you buy the dip?

Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.

Oil prices jump 4%, Asian shares slip after US, Iran carry out airstrikes

The price of Brent crude, the international standard, gained 3.9 per cent to $78.96 per barrel, while US benchmark crude oil added 4 per cent to $74.26 per barrel

Gold, silver may stay volatile amid US-Iran tensions, inflation data

Analysts expect precious metals to remain volatile as investors assess the US-Iran conflict, crude oil prices and key inflation data that could influence global interest rate expectations

Silver price outlook: Rate hike risks could limit upside, says Mirae Asset

Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.

Gold recovers as oil retreats; key hurdle stands at $4,200

Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.

Oil falls, but heads for weekly gain as West Asia supply risks persist

Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz

Oil prices climb after fresh US strikes on Iran raise supply concerns

Brent crude futures rose 78 cents, or 1 per cent to $78.8 a barrel by 0054 GMT, while US West Texas Intermediate crude futures were up 74 cents, or 1.01 per cent, at $74.26 a barrel

Gold eases as fresh US-Iran tensions lift oil prices, rate-hike bets

Spot gold fell 0.1% to $4,100.32 per ounce ‌by 0107 GMT, after dropping to its lowest since July 2 earlier in the day

Oil prices jump 2% as US strikes on Iran revive supply disruption fears

Brent crude futures gained $1.38, or 1.9%, to $75.54 a barrel, and US West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9% at 0128 GMT

Gold prices slip ₹150, silver declines ₹5,000 amid weak global cues

A stronger US dollar and subdued global sentiment prompted traders to trim positions, while investors tracked geopolitical risks and the US Federal Reserve's policy outlook

Oil prices slip after Opec+ agrees to raise August output targets

Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns

Gold demand in India diminishes as prices rebound; China buying improves

Prices fell about 8.4% in June, the first monthly drop since March, tracking volatility in international gold prices

Silver: Extends its recovery as US$ retreats on soft US job report

Silver prices rebounded on Warsh's remarks in the ECB panel discussion on July 1, and a weaker-than-expected nonfarm US payroll report for June.

Oil prices up slightly ahead of long US weekend as peace efforts hold

Brent ​futures climbed 46 cents, or 0.64%, to $72.26 a barrel as of 0407 GMT. West ‌Texas Intermediate was up 32 cents, or 0.47%, to $69.01 a barrel

Oil prices fall over 1% as US-Iran talks ease supply disruption fears

Brent futures lost 79 cents or 1.1% to $70.78 a barrel by 0642 GMT, while US West Texas Intermediate crude fell 84 cents or 1.2% to $67.74 a barrel

Accumulate Gold on dips in H2CY2026; next bull likely to start in 2027

For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:

Brent crude oil bias may remain bearish-to-neutral in H2CY2026

Mohammed Imran, research Analyst at Mirae Asset Sharekhan has a bearish-to-neutral view on Brent through H2CY2026, with a base-case range of $68-72/bbl.

Gold's outlook hinges on US payrolls, Fed policy; may test $3,800

Domestically, MCX gold remained relatively resilient, seeing a 5 per cent decline in the June quarter, supported by the depreciation of the Indian rupee and higher import duties.

Oil prices rise as Iran's refusal to meet US envoys dims ceasefire hopes

Brent futures rose 50 cents or 0.69% to $73.45 a barrel at 1208 ‌GMT, while US West Texas Intermediate (WTI) crude climbed 63 cents, or 0.91%, to $70.13 a barrel