Page 2 - Commodity News

Sell gold on rallies as rate hike concerns weigh: Mirae Asset Sharekhan

Praveen Singh of Mirae Asset Sharekhan has said that spot gold is facing tremendous selling pressure on rate hike concerns as inflation continues to run hot. It is advisable to sell into rallies.

Gold, silver rebound on buying at lower levels as crude oil softens

Comex gold futures rose to $4,168.10 per ounce, while silver edged up to $56.10, with gold still below its year-to-date peak of $5,586.20

Oil prices fall as US weighs easing sanctions on West Asian crude supply

Oil prices retreat after WTI hit a 3-week high, as attacks on shipping near Hormuz raise supply concerns while Washington weighs easing sanctions on vessels to curb petroleum transport costs

West Asia war keeps $110 in sight for oil despite supply recovery: Analyst

Oil price outlook: Escalating tanker strikes, Houthi pressure on Gulf infrastructure and Iranian tactical framing around the midterm calendar keep the floor firm.

Gold futures rise, silver futures fall in domestic, global markets

In the global market, gold futures on Comex were trading near $4,190 per ounce, while silver was trading near $59.50 per ounce

Oil prices rise as traders weigh Saudi supply risk, Russian diesel flow

Brent crude ​futures rose 89 cents, or 0.8%, to $106.58 a barrel by 0030 GMT, ‌while US West Texas Intermediate crude futures gained 80 cents, or 0.9%, to $94.94

Oil volatility to rise ahead of midterm; Brent may test $120: Analyst

Mohammed Imran of Mirae Asset Sharekhan expects Brent to become more volatile ahead of the US midterm election. Brent futures may test the resistance of $120/b in the near term.

Gold, silver prices trade lower on MCX as firm dollar weighs on bullion

In the global market, gold futures on Comex were trading near $4,200 per ounce, while silver was trading near $60.50 per ounce

Oil dips as Russia diesel supply prospects counter Gulf supply risks

Brent crude futures fell 61 cents, or 0.57%, to $106.04 a barrel by 0000 ‌GMT while US West Texas Intermediate crude futures were down 47 cents, or 0.5%, at $93.27 a barrel

Gold, silver gain globally on easing inflation fears, trade lower on MCX

Gold futures on Comex were trading near $4,230 per ounce, while silver was trading near $61.30 per ounce

Oil falls on hopes Russia-Ukraine energy ceasefire will boost supplies

Brent crude futures fell $1.54, or 1.47%, to $103.18 a barrel by 0154 GMT ​while US West Texas Intermediate crude was at $90.31 a barrel, down $1.54, or 1.68%

Crude oil futures brace for volatility amid geopolitical uncertainties

Hopes of a deal to reopen the Strait of Hormuz could trigger a price correction, but geopolitical tensions, supply disruptions and upcoming oil inventory data are likely to keep crude markets volatile

Oil prices fall as Trump comments on Iran talks ease supply concerns

Brent crude ‌futures fell 72 cents, or 0.7%, to $103.53 a barrel by 0220 GMT. US West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.6%, to $90.97

Gold price rises ₹586 on buying at lower levels; silver gains ₹245

Comex gold futures were trading $16.50 higher at $4,157.20 an ounce, while silver futures rose $0.08 to $60.37 after opening at $60.19

Oil prices rise as West Asia shipping attacks fuel fresh supply concerns

Brent crude rises to $101.53 a barrel as attacks on tankers in the Gulf and Strait of Hormuz intensify, raising concerns over supply risks despite plans to release emergency oil stocks

Gold extends slide to ₹1.48 lakh per 10 gm in Delhi amid weak demand

The yellow metal of 99.9 per cent purity fell to a one-week low, depreciating ₹700 to ₹1,48,900 per 10 grams, inclusive of all taxes, from Tuesday's closing level of ₹1,49,600

Gold, silver fall on concerns over rising crude oil prices, interest rates

In the global market, gold futures on Comex were trading near $4,165 per ounce, while silver was trading near $60 per ounce

Oil prices rise as Gulf of Mexico storm, Saudi attacks raise supply risks

Brent futures rose 93 cents, or ​0.92%, to $101.51 a barrel by 0022 GMT while US West Texas Intermediate (WTI) crude rose 82 cents, or 0.92%, ‌to $90.25

Gold, silver prices fall on stronger dollar, sharp rise in US bond yields

In the global market, gold futures on Comex were trading near $4,150 per ounce, while silver was trading near $61 per ounce

Oil slips as traders weigh strong West Asian exports against Gulf tensions

Brent ‌crude futures lost 4 cents to $100.28 a barrel by 0003 GMT, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel