commodities news
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August 06, 2022 07:40 AM ISTCommodities may remain volatile with focus on central banks, global growth, China virus situation
The next major event is US inflation data which may give further direction to Fed’s monetary tightening debate.
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August 05, 2022 12:55 PM IST Commodity Markets Live: Metals In Focus; Zinc Prices Rally 6% Overnight
Zinc prices rally 6% overnight. Zinc LME inventories at April 2020 low. How does it impact the markets? Find out here with Karunya Rao and Manisha Gupta.
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August 05, 2022 09:13 AM IST Agri Picks Report: Geojit
According to Geojit , Steady to weak sentiments were witnessed in NCDEX spices complex on Thursday.
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August 05, 2022 07:35 AM IST Crude oil heads for 10% weekly collapse as slowdown hits demand
West Texas Intermediate steadied below $89 a barrel in Asia, with the US benchmark down more than 10% this week. Official data showed US gasoline consumption has softened while crude stockpiles rose.
- August 05, 2022 07:21 AM IST
Oil languishes on recession fears; unconcerned stocks climb on
Benchmark Brent crude futures were up a touch at $94.23 a barrel and U.S. crude futures were also a whisker higher at $88.70 a barrel, after both closed the previous session at their lowest levels since February.
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August 04, 2022 12:52 PM IST Commodities Market Live: Global sugar prices at 12-month low: Here's why
Global sugar prices at a 12-month low. Join Karunya Rao & Manisha Gupta as they decode the reasons for the fall in prices.
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August 04, 2022 12:35 PM IST Kerala farmer's intra-crop coffee variety vows more income to struggling rubber growers
Antony wants growers to use his discovery as a means of permanent income and not just to supplement their dwindling rewards from rubber because of higher cost of production and low prices.
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August 04, 2022 10:26 AM IST Gold Prices Today: Yellow metal to trade lower ahead of UK interest rate decision
"Today's trend in precious metals may remain down ahead of Britain's monetary policy. Gold has resistance at Rs 51750 while support at Rs 51200. Silver has resistance at Rs 58000 and support at Rs 56800," said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
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August 04, 2022 09:03 AM IST Gold steadies as bond yields slip; focus on US jobs report
Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT. U.S. gold futures rose 0.4% to $1,783.90.
- August 04, 2022 08:54 AM IST
Agri Picks Report: Geojit
According to Geojit , Profit booking continued in NCDEX Jeera futures on Wednesday, it shed more than one percent.
- August 04, 2022 06:46 AM IST
Oil prices rebound after dropping to lowest in months on weak US demand
Brent crude futures rose 53 cents, or 0.6%, at $97.31 a barrel by 0020 GMT while West Texas Intermediate (WTI) crude futures rose 55 cents, also a 0.6% gain, to $91.21. Both benchmark fell to their weakest levels since February in the previous session.
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August 03, 2022 01:31 PM IST India does not plan to impose pulses control order, Centre tells Lok Sabha
The government has imposed stock limits on edible oils and oilseeds until December 31, 2022, in order to cool prices. It had last imposed a pulses control order in July 2021.
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August 03, 2022 09:30 AM IST Gold Prices Today: Yellow metal to edge higher following US-China tensions, resistance around Rs 51,700
According to Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart, the day trend in the precious metals looks like an upside. Gold has resistance at Rs 52000 and support at Rs 51300. Silver has support at Rs 57400 and resistance at Rs 59400.
- August 03, 2022 09:22 AM IST
Gold rebounds as dollar retreat offsets higher bond yields
Spot gold was up 0.4% at $1,766.59 per ounce, as of 0309 GMT. On Tuesday, bullion rose to a near one-month high of $1,787.79 before closing down 0.6% on the day.
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August 03, 2022 08:56 AM IST Agri Picks Report: Geojit
According to Geojit , Spices complex traded steady to weak on Tuesday. Turmeric futures slipped more than two per cent on subdued demand, while jeera ended down on profit booking after rallying to record high the other day.
- August 03, 2022 06:27 AM IST
Oil falls on demand worries, stronger US dollar
Brent crude futures fell 94 cents, or 0.9%, to $99.60 a barrel at 0020 GMT, wiping out the previous session's gain.
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August 02, 2022 12:31 PM IST Commodities Market Update | Crude oil prices near 4-month low. What's the outlook?
Crude oil prices near 4-month ahead of the OPEC meeting. What are the reasons for this fall? And what will be the future outlook? Find out here with Karunya Rao and Manish Gupta.
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August 02, 2022 09:17 AM IST Gold Prices Today: Weak global economic data fuelling recession fears to lend support to precious metals
Rahul Kalantri, VP Commodities, Mehta Equities, expects both precious metals to remain volatile this week ahead of the OPEC+ meeting and geo-political tensions between the US and China.
- August 02, 2022 09:14 AM IST
Agri Picks Report: Geojit
According to Geojit , Sentiments were sanguine in the NCDEX spices complex on Monday. Jeera futures climbed to fresh record high on concerns over fall in production.
- August 02, 2022 06:55 AM IST
Gold climbs four-week peak as US Treasury yields, dollar fall
Spot gold was up 0.4% at $1,778.69 per ounce, as of 0044 GMT, its highest since July 5.
- August 02, 2022 06:34 AM IST
Oil prices slip as weak manufacturing data stokes recession fears
Brent crude futures fell 29 cents to $99.74 a barrel by 0002 GMT, with WTI crude futures down 22 cents at $93.67 a barrel.
- August 01, 2022 02:43 PM IST
Sky-high inflation, global growth concerns bode well for gold; buy-on-dips strategy recommended: Axis Securities
Current fundamental and technical indicators signal a revival in gold prices. From a technical perspective, if gold were to breach $1,750-1,760 levels, we could witness levels of $1,800. So adopting a buy-on-dips strategy is greatly recommended, said Pritam Kumar Patnaik of Axis Securities.
- August 01, 2022 12:17 PM IST
Gold hovers near 3-week high as weaker dollar supports
Spot gold was down 0.3% at $1,760.53 per ounce, as of 0533 GMT. Bullion hovered near its highest level since July 6 at $1,767.79 scaled on Friday.
- August 01, 2022 10:17 AM IST
Gold Prices Today: Yellow metal holds steady on safe-haven buying
Gold and silver gained in the previous week on downbeat US economic data and strength in the euro
- August 01, 2022 09:07 AM IST
Agri Picks Report: Geojit
According to Geojit , Mixed trend was seen in NCDEX spices complex on Friday. Coriander and jeera futures inched up, while turmeric futures declined.
