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
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
Silver prices were marginally lower on July 13 tracking the subdued global trend, and a firm dollar ahead of US CPI data to be released later in the day. The precious metal had posted modest gains of 0.18 percent yesterday on the COMEX. The white metal turns negative after a gap-up start tracking in the Read More
The white metal traded in the negative territory after a gap-down start tracking muted overseas cues. The semi-precious metal has been trading higher than 20, 100 and 200 days’ simple moving averages but lower than 5 and 50 days’ moving averages on the daily chart. The momentum indicator Relative Strength Index (RSI) is at 46.43, Read More
Gold edged higher on Friday and was set for its third straight weekly gain, as concerns over the fast-spreading Delta variant of COVID-19 and a drop in U.S. Treasury yields lifted the safe-haven metal’s demand. Spot gold rose 0.2% to $1,805.39 per ounce, by 0312 GMT. For the week so far, it is up more 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 prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies, while investors awaited minutes from the U.S. Federal Reserve for clarity on monetary policy. Spot gold was up 0.4% at $1,798.46 per ounce, as of 0315 GMT, its highest Read More
Silver prices climbed for the fourth successive day on July 5 on dollar weakness and firm gold and industrial metal prices. The precious metal had risen Rs 2,407 or 3.55 percent last week on the MCX. The white metal traded in the positive territory after a gap-up start tracking the firm global trend. The semi-precious Read More
Crude oil prices are remaining range-bound as delay in OPEC+ decision on output increase has caused some uncertainty amid the prospect of higher demand. The price is less than 1 percent away from a fresh 52-week high. The energy commodity traded in a narrow range after a gap-up start tracking the subdued global trend. On the MCX, crude Read More
