Commodity Watch
Gold edges higher as US rate-cut bets support bullion
Gold prices edged higher on Tuesday with growing expectations of a U.S. interest rate cut this month. Fed officials indicated support for a rate cut. Key U.S. economic data is due this week, including job openings and employment reports. Geopolitical tensions in Lebanon also contributed to the rise in gold prices. Gold is seen as a safe-haven investment.
Oil steady, traders hopeful on China demand but worried about Fed
Oil prices remained almost unchanged on Monday, balanced by hopes of higher demand from increased factory output in China and concerns over the U.S. Federal Reserve potentially maintaining current interest rates. The escalating tensions in the Middle East and upcoming OPEC+ policies also influenced market movements.
Gold Rate Today: Yellow metal slips on stronger US dollar, profit-taking; Silver falls by Rs 1,000 per kg
On Monday, gold prices fell due to a stronger US dollar and profit-taking. Investors are awaiting key US economic data to gauge the Federal Reserve's next steps on monetary policy. February gold futures fell on the MCX, and silver prices also dropped. Major US economic data and a few Fed officials are expected to speak this week.
Gold slips as dollar strengthens; investors await US data
Gold prices decline, breaking a four-session rally as the dollar strengthens. Investors await key U.S. economic data to gauge the Federal Reserve's future monetary policy. Spot gold and U.S. gold futures dropped, influenced by expectations of higher tariffs, stalled inflation progress, and interest rate concerns. Other precious metals showed similarly negative trends.
Top News
Gold Rate Today: Yellow metal rises over Rs 500/10 gm on softer US dollar and geopolitical concerns; silver up by Rs 1000/kg Gold set for weekly decline; market awaits more US data Gold Price Today: Gold prices fall by Rs 2,100/10 gm this week, silver down by Rs 3,800/kg Oil edges lower after jump in US gasoline stocks, OPEC+ supply decision in focus Gold prices held steady amid growing tariff war fears Gold gains Rs 650 to Rs 78,800 per 10 grams; silver sees steepest single-day jump Gold Price Today: Gold prices fall by Rs 1,900/10 gm this week, silver down by Rs 2,150/kg
Oil inches up on upbeat China data, shaky Israel-Lebanon ceasefire
Oil prices rose as China's factory activity expanded and Middle East tensions escalated due to Israel attacking Lebanon despite a ceasefire. Brent crude futures increased while U.S. West Texas Intermediate crude also went up. OPEC+ might delay its output hike due to Trump's policies and China's weak economic outlook. The situation remains tense and uncertain.
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On Monday, gold prices fell due to a stronger US dollar and profit-taking. Investors are awaiting key US economic data to gauge the Federal Reserve's next steps on monetary policy. February gold futures fell on the MCX, and silver prices also dropped. Major US economic data and a few Fed officials are expected to speak this week.
The crude oil market in 2024 remains volatile due to geopolitical tensions, particularly the Israel-Hamas conflict, and OPEC's production decisions. These factors create both challenges and opportunities for investors. The article discusses how these developments are affecting oil prices in India and provides strategic insights for investors to navigate this uncertainty and capitalize on market fluctuations.
The firm said the rapid growth in the solar sector, battery industry, and Chinese consumption have led to demand outstripping supply. It has given ‘buy’ calls on Nalco and Vedanta, while maintaining a ‘reduce’ on Hindalco.
Price formed a peak in January 2022 and has been forming lower highs thereafter However, the level of 6500 has acted as strong support and the price has bounced off it twice in as many years. Price has formed a lower high and is now testing the support from a trendline.
The crude oil market in 2024 remains volatile due to geopolitical tensions, particularly the Israel-Hamas conflict, and OPEC's production decisions. These factors create both challenges and opportunities for investors. The article discusses how these developments are affecting oil prices in India and provides strategic insights for investors to navigate this uncertainty and capitalize on market fluctuations.
Extending the losses for the second straight session, gold and silver prices slumped in the national capital on Thursday in line with weak trends in the global markets. According to HDFC Securities, gold prices declined Rs 50 to Rs 72,250 per 10 grams in Delhi. It had settled at Rs 72,300 per 10 grams in the previous session.
Analysts said record rally in ICE Cotton prices, falling global cotton stocks, lower Indian cotton crop/stock revision by USDA & CAI, retrenched selling by farmers and strong demand by domestic millers had lifted domestic cotton futures to record high level last week.
The crude oil market in 2024 remains volatile due to geopolitical tensions, particularly the Israel-Hamas conflict, and OPEC's production decisions. These factors create both challenges and opportunities for investors. The article discusses how these developments are affecting oil prices in India and provides strategic insights for investors to navigate this uncertainty and capitalize on market fluctuations.
