Page 97 - Commodity News

Gold prices slip on strong dollar as markets await big Fed rate-hike

Spot gold fell 0.5% to $1,667.33 per ounce by 1224 GMT, snapping two consecutive sessions of gains.

Gold down by Rs 110, trading at Rs 50,020; silver unchanged at Rs 56,700

Gold became slightly cheaper in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 50,020

Gold prices languish near 29-month low in run-up to US Fed meeting

Spot gold slid 0.7% to $1,663.55 an ounce by 10:11 a.m. ET (1411 GMT), holding above its lowest since April 2020 hit on Friday.

Oil prices fall more than 1.5% on demand fears and strong dollar

Brent crude for November delivery fell $1.49, or 1.6%, to $89.86 a barrel by 1002 GMT. U.S. West Texas Intermediate (WTI) for October dropped $1.57, or 1.8%, to $83.54.

Gold's allure to dim in India due to lower rural income, says report

Gold consumption surged to 800 tons last year as the easing of virus-related restrictions unleashed demand. The jump in demand and rising imports forced the government to raise the import tax on gold

MCX Gold can fall sharply if it breaks 100-WMA; Silver needs to win 100-DMA

The MCX Gold October futures 100-WMA is placed at Rs 48,900, sustained trade below which can trigger a 10 per cent slide. Silver futures need to conquer multiple hurdles.

Gold, silver rates unchanged today; yellow metal selling at Rs 50,130

Silver is trading at Rs 56,700 per kg today

Oil's not well: Markets likely to slip on crude oil, shows data

The benchmark Nifty50 Index during this time frame has jumped as much as 18%

Gold prices falls Rs 813; silver prices tumbles Rs 1,379 in Delhi

The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday.

Gold prices hit over two-year low as US Fed rate-hike fears mount

Spot gold fell 0.1% to $1,661.97 per ounce, as of 0724 GMT, after hitting its lowest since April 2020 at $1,658.30. Prices were down 3.2% for the week so far. U.S. gold futures fell 0.4% to $1,670.50.

Oil steadies but remains on track for weekly decline on rate hike fear

Brent crude futures were up 25 cents, or 0.3%, at $91.09 a barrel by 0921 GMT but were down 1.9% for the week.

Gold, silver fall in early trade; yellow metal trading at Rs 50,620/10 gm

Silver is trading at Rs 56,400 per kg after a change of Rs 600

Oil rises 2% on supply concerns, expectations for gas-to-oil switching

Brent crude futures rose by $1.86 a barrel, or 2%, to $95.03 by 11:58 a.m. EDT (1558 GMT). U.S. West Texas Intermediate crude gained $2.06, or 2.4%, to $89.37.

Bias for MCX Crude Oil still negative; Natural Gas seeks support at 100-DMA

The MCX Crude Oil September futures may trade in a broad range of Rs 6,550 to Rs 7,150 this week. MCX Natural Gas futures seem to be finding support around the 100-DMA.

Oil prices creep higher on robust global demand, rate hike outlook

Oil prices inched higher in early trade on Wednesday as OPEC stuck to forecasts for robust global fuel demand growth, offsetting concerns of another U.S. Federal Reserve interest rate hike next week

Gold rates slightly changed, down by Rs 20/10 gm; silver rises by Rs 1,800

Gold prices slightly went down in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 50,980

No proof that commodity derivatives trade causes price spikes, finds study

Suspension of their futures does not bring down price volatility either, finds study conducted on behalf of NCDEX Investor Protection Fund

Gold rates unchanged; silver up by Rs 200, selling at Rs 55,200 per kg

In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,000 per 10 gram

Rs 51,100-level remains a key hurdle for Gold futures; Silver tests 200-DMA

The upside for MCX Gold October futures is seen capped around Rs 51,100-level for now. On the other hand, Silver futures may consolidate following the near 5 per cent rally last week.

Gold rates unchanged; silver down by Rs 5,400 per kg in today's early trade

Gold prices remained unchanged in early trade with 10 gram of the yellow metal (24-carat) trading at Rs 51,000