Oil prices fell on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak. U.S. West Texas Intermediate (WTI) crude futures fell 25 cents, or 0.4%, to $67.29 a barrel by 0151 Read More
Gold prices fell slightly on Tuesday, although they hovered above the key psychological level of $1,800 on expectations that the U.S. Federal Reserve might delay cutting back its stimulus amid rising cases of the delta coronavirus variant. Fundamentals Spot gold eased 0.2% to $1,801.78 per ounce by 0100 GMT, having jumped about 1.4% in the Read More
Gold prices eased on Thursday as a stronger dollar and bets over an early policy tapering by the U.S. Federal Reserve weighed on sentiment, although losses for the safe-haven metal were limited by concerns that rising COVID-19 cases will slow global growth. Spot gold fell 0.5% to $1,778.65 per ounce by 2:21 p.m. EDT. U.S. Read More
Gold prices declined by Rs 307 to Rs 47,276 per 10 gram in the Mumbai retail market on the firm rupee and muted global cues. The yellow metal traded in a narrow range as investors await FOMC meeting minutes later in the day. The price of 10 gram, 22-carat gold in Mumbai was Rs 43,305 Read More
Natural gas futures fell on August 18 as participants raised their short bets as seen by the open interest. The gas price had tumbled 2.76 percent yesterday on the NYMEX. The energy commodity extended decline after a flat to gap-up start in the afternoon, tracking the weak overseas cues. On the MCX, natural gas delivery Read More
Natural gas futures plunged on August 17 as participants trimmed their positions as seen by the open interest. The gas price had soared 2.2 percent yesterday on the NYMEX. The energy commodity extended fall in the afternoon session after a gap-down start, tracking the subdued global trend. On the MCX, natural gas delivery for August Read More
Silver prices were lowered on August 16 as industrial metals remain under pressure on weak economic data from China and strength in the US dollar. The precious metal had fallen 2.71 percent last week on the MCX. The white metal extended decline after a gap-down start in the afternoon session, tracking the weak global cues. Read More
Oil prices were steady on Thursday following two days of gains after a call from the United States, the world’s top oil consumer, for major producers to boost output reinforced supply concerns as economies ease their coronavirus restrictions. Brent crude futures edged higher by 5 cents to $71.49 a barrel by 0216 GMT while U.S. Read More
Gold on Tuesday rebounded from sharp sell-offs in the last two sessions as a dollar rally cooled, although fears of a sooner-than-expected U.S. interest rate hike capped further gains. Spot gold was up 0.4% at $1,736.65 per ounce by 659 GMT, while U.S. gold futures rose 0.6% to $1,737.10. “We are seeing some short-covering taking Read More
Gold fell as much as 4.4% to a more than four-month low on Monday as robust U.S. jobs data stoked concerns of a sooner-than-expected interest rate hike, which could increase the opportunity cost of holding non-interest bearing bullion. Spot gold was down 1.4% at $1,738.53 per ounce by 0406 GMT, paring earlier losses. Prices touched Read More
Gold prices were flat in early Asian trade on Wednesday, with investors awaiting signals from U.S. jobs data on the labor market recovery that could influence the Federal Reserve’s tapering plans. Fundamentals Spot gold was flat at $1,809.21 per ounce by 0114 GMT, while U.S. gold futures fell 0.1% to $1,812.50. The labor market will Read More
Natural gas futures traded marginally higher on August 3 owing to higher cooling demand and robust LNG exports. The gas prices had soared 0.5 percent yesterday on the NYMEX. The energy commodity traded flat after a gap-up start, tracking the strong global trend. On the MCX, natural gas delivery for August gained Rs 0.10, or Read More
Oil prices fell on Monday on worries over China’s economy after a survey showed factory activity growing at its slowest pace in 17 months in the world’s second-largest oil consumer, concern compounded by a rise in oil output from OPEC producers. Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by Read More
Gold jumped more than 1% on Thursday as investors cheered U.S. Federal Reserve Chairman Jerome Powell’s comments suggesting the central bank was unlikely to hike rates anytime soon. Spot gold was 1.3% higher at $1,830.11 per ounce by 2:19 p.m. ET, having hit its highest since July 15 at $1,832.40. U.S. gold futures settled 1.8% Read More
Silver prices climbed higher on July 29, tracking strength in the gold, industrial metals and feeble dollar. The precious metal had soared 0.92 percent yesterday on the COMEX. The white metal traded in the green after a gap-up start in the afternoon session, tracking a bullish global trend. The semi-precious metal has been trading higher Read More
Gold firmed near the key $1,800 level on Tuesday, as the dollar softened and U.S. real yields plunged, though gains were limited by investor caution ahead of a Federal Reserve meeting that could provide details on stimulus tapering. Spot gold rose 0.2% to $1,800.46 per ounce by 2:39 p.m. ET. U.S. gold futures settled little Read More
Gold prices inched higher on Monday, supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee’s meeting this week. Spot gold rose 0.3% to $1,806.32 per ounce by 0343 GMT. U.S. gold futures climbed 0.3% to $1,806.30. ”There is no guarantee we have Read More
Gold prices steadied on Friday after hitting a more than one-week low in the previous session, as a retreat in U.S. bond yields and weak economic data countered a stronger dollar. Fundamentals Spot gold was flat at $1,806.08 per ounce, as of 0047 GMT, after hitting its lowest since July 12 at $1,791.16 on Thursday. Read More
Crude oil prices were steady after a sharp selloff on July 19 over concerns of lower demand due to rising cases of coronavirus Delta variant and OPEC+ agreement to boost supply in coming months. The prices were pressured by a stronger dollar, selloff in equity markets and increased US-China tensions. Crude prices have tumbled Rs Read More
Gold prices rose on Tuesday, supported by a drop in U.S. bond yields and concerns over a relentless surge in Delta variant infections, although a stronger dollar kept bullion’s gains in check. Spot gold was up 0.3% at $1,817.27 per ounce by 0311 GMT, after hitting a one-week low of $1,794.06 in the previous session. Read More
