Commodity News

Oil rose for the fourth straight session on Wednesday as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand. Brent crude was up 44 cents, or 0.9%, at $48.30 a barrel by 0743 GMT, having Read More

Gold extended declines to a four-month trough on Tuesday as investors dived into riskier assets following drugmaker AstraZeneca’s boost to the coronavirus vaccine race and a U.S. federal agency’s White House transition approval for Joe Biden. Spot gold fell 0.5% to $1,825.99 per ounce by 0545 GMT, having earlier slid to its lowest since July Read More

Gold recovered from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective vaccine test results. Spot gold was steady at $1,887.10 per ounce. U.S. gold futures settled 0.1% higher at $1,887.80. Bullion Read More

Silver prices climbed to Rs 62,175 per kg on November 10 as participants increased their long positions as seen by the open interest. The precious metal traded firm today after a steep fall of 6.86 percent yesterday on MCX. The white metal was getting support from improving manufacturing activity globally and general optimism about China. Read More