Commodity News

Natural gas futures declined on July 16 as US inventory buildup was higher than expected as reported by EIA. The gas prices had fallen 0.6 percent yesterday on the NYMEX. The energy commodity traded in the red after a gap-down start, tracking the muted global cues. On the MCX, natural gas delivery for July slipped Read More

Gold was little changed on Tuesday as a firmer dollar offset support from bets that the Federal Reserve was unlikely to respond with immediate monetary tightening after U.S. consumer prices rose by the most in 13 years last month. Spot gold was steady at $1,806.64 per ounce by 2:11 p.m. ET. U.S. gold futures settled Read More

Oil prices fell more than $1 a barrel on July 7 in another seesaw trading session, as investors feared this week’s collapse in OPEC+ talks could mean more supply, not less, is on the way. Crude markets have been volatile over the last two days following the breakdown of discussions between major oil producers Saudi Read More

Gold prices held firm near the key $1,800/ounce psychological level on Wednesday, helped by a drop in U.S. Treasury yields, while investors awaited minutes from the Federal Reserve’s June meeting for more clues on its policy outlook. Spot gold was up 0.1% at $1,797.84 per ounce, as of 0500 GMT, after hitting its highest since Read More

Gold was hovering around an over two-month low on Wednesday as investors awaited U.S. jobs data for further clarity on the Federal Reserve’s policy stance, with the precious metal heading for its worst monthly drop since November 2016. Spot gold eased 0.1% to $1,763.63 per ounce as of 0254 GMT, having touched its lowest since Read More

Crude oil prices rose on Tuesday, with Brent hitting $75 a barrel for the first time since April 2019, as investors remained bullish about a quick recovery in global oil demand and as concerns eased over an early return of Iranian crude. Brent crude futures for August climbed 29 cents, or 0.4 percent, to $75.19 Read More

Gold prices slipped as much as 1.7% on June 14, as some investors feared the U.S. Federal Reserve may outline a path for scaling back its expansive monetary policy at a two-day meeting this week. Spot gold fell 0.7% to $1,863.98 per ounce by 1:43 p.m EDT (1743 GMT) after hitting its lowest level since Read More