Page 3 - Commodity News
Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan
Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.
 "Deal done, but don't count on cheap Oil yet; cautions Mirae Asset Sharekhan")
Oil prices fall as markets weigh return of supply, US-Iran peace deal
On Monday, oil prices fell nearly 5 per cent to their lowest close since March 4, after US President Donald Trump said a memorandum of understanding was signed to end the US-Israeli war with Iran
 "Oil prices fall as markets weigh return of supply, US-Iran peace deal")
Gold price climbs ₹10 to ₹1,51,540; silver up ₹100, trading at ₹2,65,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,38,910
 "Gold price climbs ₹10 to ₹1,51,540; silver up ₹100, trading at ₹2,65,100")
Gold prices jump 2.7% to near one-week high after US-Iran peace deal
Spot gold rose 2.7 per cent to $4,334.48 per ounce, as of 0857 GMT, hitting its highest level since June 9
 "Gold prices jump 2.7% to near one-week high after US-Iran peace deal")
Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions
The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz
 "Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions")
Gold price falls ₹10 to ₹1,49,070; silver down ₹100, trading at ₹2,59,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,640
Oil prices fall over 4% after US, Iran reach peace deal, reopen Hormuz
Brent crude futures fell $3.51, or 4.02 per cent, to $83.82 by 2203 GMT and US West Texas Intermediate was at $80.95 a barrel, down $3.93, or 4.63 per cent
 "Oil prices fall over 4% after US, Iran reach peace deal, reopen Hormuz")
Gold price rises ₹10 to ₹1,48,590; silver up ₹100, trading at ₹2,60,100
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,36,210
 "Gold price rises ₹10 to ₹1,48,590; silver up ₹100, trading at ₹2,60,100")
Oil prices slump to 2-month low as Trump calls off planned strikes on Iran
Brent futures were down $2.11 or 2.3 per cent at $88.27 a barrel by 0640 GMT, while US West Texas Intermediate (WTI) crude dropped $1.90, or 2.2 per cent, to $85.81
 "Oil prices slump to 2-month low as Trump calls off planned strikes on Iran")
Can crude oil prices dip to $70 if US, Iran sign peace deal? Analysts said this
As per Fitch Ratings' estimates, Brent crude oil is likely to average $100-110/bbl in May-July, before falling to $80/bbl in August, and to about $70/bbl from September.
 "Can crude oil prices dip to $70 if US, Iran sign peace deal? Analysts said this")
'Bear beneath the barrel': Mirae Asset sees weak demand limiting oil rally
The path of least resistance for Brent over the next two quarters appears skewed to the downside, with Brent prices likely drifting below $90/bbl
 "'Bear beneath the barrel': Mirae Asset sees weak demand limiting oil rally")
Gold demand in India slightly improves as prices slip; China premiums ease
Gold prices in India dropped to their lowest since April 2 at ₹146,444 per 10 grams on Thursday, and are down 1.5 per cent for the week so far
Silver may fall to $58 - $54 in short term, cautions analyst at Mirae Asset
According to Praveen Singh, head of commodities at Mirae Asset Sharekhan, silver is expected to continue to remain under pressure unless a US-Iran deal is formally announced
 "Silver may fall to $58 - $54 in short term, cautions analyst at Mirae Asset")
Strong dollar, rate fears may weigh on gold prices: Mirae Asset Sharekhan
A firmer dollar, rate hikes by central banks, ETF outflows, and elevated yields are likely to keep the yellow metal under pressure. China's demand is not too strong either
 "Strong dollar, rate fears may weigh on gold prices: Mirae Asset Sharekhan")
Gold price dips ₹10 to ₹1,45,630; silver down ₹100, trading at ₹2,49,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,490
 "Gold price dips ₹10 to ₹1,45,630; silver down ₹100, trading at ₹2,49,900")
Gold price dips ₹10 to ₹1,48,850; silver down ₹100, trading at ₹2,49,900
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,440
Oil prices climb over $2 as Iran announces closure of Strait of Hormuz
Brent futures rose $2.30, or 2.47 per cent, to $95.40 a barrel, while US West Texas Intermediate (WTI) crude climbed $2.60, or 2.89 per cent, to $92.63
 "Oil prices climb over $2 as Iran announces closure of Strait of Hormuz")
Gold in India falls below pre-duty-hike levels as overseas prices drop
Domestic gold futures fell 1.93 per cent on Wednesday to ₹1,46,557 per 10 grams, their lowest level since May 5
Brent to trade between $88 - $108 amid conflicting market forces: Analyst
For now, the oil market remains at a crossroads-pulled in opposite directions by forces that are both powerful and persistent, with no clear resolution in sight
Gold price climbs ₹10 to ₹1,53,170; silver down ₹100, trading at ₹2,59,900
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,40,410
 "Gold price climbs ₹10 to ₹1,53,170; silver down ₹100, trading at ₹2,59,900")