Commodities face renewed volatility as Ukraine peace talks and shifting Fed bets jolt markets
Commodity market turbulence is expected to persist as traders now await a series of economic releases including US retail sales, producer price inflation, durable goods orders, and potentially preliminary third-quarter GDP and core PCE figures.
Oil prices settle down at lowest in a month as US seeks Russia-Ukraine peace deal
Both crude benchmarks were down about 3% for the week and at their lowest settlements since October 21.
Copper is the next strategic battleground and China has the advantage
Copper is currently China’s game in geopolitics, but it need not be so for long
Gold eases with stronger dollar, markets cut December Fed rate-cut expectations
Spot gold was down 0.2% at $4,070.80 per ounce, as of 10:27 ET (1527 GMT). U.S. gold futures for December delivery eased 0.6% to $4,071.40 per ounce.
Gold rate on November 17: Yellow metal's prices drop; check rates for 24K, 22K gold in your city today
The fall in the gold and silver prices also comes amid rising expectation of no rate cut by the US Federal Reserve during its upcoming FOMC meeting in December.
US jobs report and FOMC minutes set to drive commodity prices next week
Looking ahead, commodity markets will turn their focus to a heavy slate of economic data due next week starting from November 17.
Gold holds gains as traders contend with data void on US economy
Bullion was trading around $4,200 an ounce on Thursday, consolidating four days of gains — the longest winning streak in a month
Gold at Rs 4.4 lakh per ounce? JP Morgan’s forecast points to a red-hot rally for yellow metal by 2026-end
Gold at Rs 4.4 lakh per ounce? JP Morgan’s forecast points to a red-hot rally for yellow metal by 2026-end
Sugar exports quota a balm, but not cure for industry’s ills
While a timely announcement of a sugar export quota is good news, what the industry needs is a lasting solution that frees it from policy whims
Gold rally tempts jewellers with a literal debasement trade
Surging prices are causing issues even at the top end of the market
Fed policy signals may guide commodities amid lack of US data
With limited economic data available due to the shutdown, the Fed’s policy path for December remains uncertain.
Gold, silver prices today: Wedding-season demand drives uptick; check prices in Delhi, Mumbai, Chennai, Kolkata
Gold and silver continue to play dual roles in India — as traditional storehouses of wealth and as investment assets that hedge against inflation and currency swings.
Forex reserves drop $5.62 billion to $689.73 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units, like the euro, pound and yen held in the foreign exchange reserves
Gold rebounds Rs 600 to Rs 1,24,700/10g amid firm global cues
The precious metal of 99.5 per cent purity increased by Rs 600 to Rs 1,24,100 per 10 grams (inclusive of all taxes), according to All India Sarafa Association. The metal had closed at Rs 1,23,500 per 10 grams on Tuesday.
Stocks rebound across Asia after Wall Street rally, traders eye Fed path and tariff ruling
Stocks in some of America’s top retail brands, from department stores to toymakers and apparel companies, rallied as a skeptical US Supreme Court raised hopes the sweeping tariffs may be lifted.
Saudis cut main oil price to Asia as signs of caution emerge
The hiatus comes during a period of weaker seasonal demand, and as the market closely watches how US sanctions on Russia’s two biggest oil producers impacts supply.
India’s Russian oil imports tumble as US sanctions hit Rosneft, Lukoil; refiners brace for supply crunch
India’s oil imports from Russia have dropped sharply after US sanctions on Rosneft and Lukoil. Refiners brace for tighter supplies and shift to new sources.
Copper declines for third day on concerns over China’s economy
A private survey of manufacturing activity in China fell to 50.6 in October, compared with 51.2 in September, a bigger decline than forecast
Gold price today, November 2: Check 24K, 22K, 18K rates in your city - Delhi, Mumbai, Chennai, Kolkata, Bengaluru, and more
Gold prices in India stayed flat at Rs 12,300 per gram (24K) on November 2 after a Rs 1 lakh drop from mid-October highs. Traders eye Fed policy, global cues.
SBI joins India International Bullion Exchange as special category client
SBI was also the first bank to become a Trading-cum-Clearing (TCM) Member at India International Bullion Exchange in 2024, it said.
Commodity exchange MCX says root cause behind October 28 tech glitch identified
The exchange has identified a predefined parameter limit related to reference data, including Unique Client Code (UCC) configurations, as the root cause of the October 28 incident. It assured that trading systems remained unaffected and corrective measures have been implemented to prevent recurrence.
Global gold demand climbs 3% to quarterly record as investment soars, WGC says
Demand for gold bars and coins rose 17% in the third quarter, led by India and China, while inflows into physically backed gold exchange-traded funds jumped by 134%, said the WGC
Indian Oil seeks bids for 24 million barrels of oil from Americas for March quarter, document shows
Indian Oil, the country's biggest refiner, is looking to gauge market interest in the event that it needs to buy oil from the Americas
Copper slides from record as traders eye Trump-Xi trade talks
Futures on the London Metal Exchange fell as much as 1.4% on Thursday, pulling back from a surge to an all-time high in the previous session that capped a 28% year-to-date advance
