Gold prices steady as focus turns to US Fed minutes
Spot gold held its ground at $2,415.35 per ounce, as of 0345 GMT. Bullion hit a record high of $2,449.89 on Monday.
Agri Picks Report May 22, 2024: Geojit Financial Services
According to Geojit, Conditions are favourable for the southwest monsoon to advance to some more parts of south Bay of Bengal Andaman and Nicobar Islands and the Andaman Sea during the next two days, the India Meteorological Department said on Tuesday.
Oil slips for third session on likely 'higher for longer' US rates
Brent crude futures were down 43 cents, or 0.5%, to $82.45 a barrel. U.S. West Texas Intermediate crude (WTI) futures slipped 50 cents, or 0.6%, to $78.16. Oil prices settled about 1% lower on Tuesday.
Agri Picks Report May 21, 2024: Geojit Financial Services
According to Geojit, India's oilmeal exports in April fell 6% on year to 465,156 tn, according to data released by The Solvent Extractors' Association of India.
Oil prices fall on fear of high US interest rates depressing demand
Brent crude futures declined 12 cents, or 0.1%, to $83.34 a barrel by 0041 GMT. U.S. West Texas Intermediate crude (WTI) eased 8 cents, or 0.1%, to $79.72 a barrel.
Oil prices climb amid uncertainty over Iran president's fate
Brent rose 26 cents, or 0.3% to $84.24 a barrel by 0049 GMT. U.S. West Texas Intermediate crude (WTI) gained 15 cents, or 0.2% to $80.21 a barrel.
Commodity traders to take cues from Fed Chair speech, flash PMI numbers next week
The majority of indicators suggest that the gold price may maintain its positive momentum into next week (starting from May 20).
Agri Picks Report May 17, 2024: Geojit Financial Services
According to Geojit, India's exports of spices, tea, and coffee rose in April on a year-on-year basis, while those of oilmeals, fruits, vegetables, and rice fell, according to data released by the commerce ministry.
Gold prices set for second weekly gain on Fed rate-cut optimism
Spot gold was up 0.1% at $2,379.14 per ounce, as of 0236 GMT. Bullion prices have gained 0.7% so far this week.
Hot commodity silver sets pace as demand and deficit drive rally
Silver has soared by almost a quarter in 2024, outpacing gold and making it one of the year’s best-performing major commodities.
Oil set for weekly gain on signs of improving demand
Brent crude oil prices rose 21 cents, or 0.3%, to $83.48 a barrel by 0018 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.2%, to $79.41 a barrel.
Agri Picks Report May 16, 2024: Geojit Financial Services
According to Geojit, India's vegetable oil imports rose 26% on year to 1.32 mln tn in April from 1.05 mln tn last year, the Solvent Extractors' Association of India said in a release today.
Oil prices rise on moderate US inflation data, strong demand
Brent futures rose 42 cents, or 0.5%, to $83.17 a barrel, while U.S. West Texas Intermediate crude (WTI) gained 43 cents, or 0.6%, to $79.06 at 0032 GMT.
Copper prices hit 2-year high on LME on bullish long-term trends, rise 19% in 2024 so far
Copper is also trading at a two-year high on the London Metal Exchange (LME), while the CME, Shanghai and the Indian markets have seen the metal touch record highs after posting strong gains in April and May so far.
Agri Picks Report May 15, 2024: Geojit Financial Services
According to Geojit, India's vegetable oil imports rose 26% on year to 1.32 mln tn in April from 1.05 mln tn last year, the Solvent Extractors' Association of India said in a release today.
Oil prices up on wildfires in Canada, US inventories drawdown expectations
Brent crude futures were up 34 cents, or 0.4% at $82.71 a barrel. U.S. West Texas Intermediate crude futures (WTI) rose 38 cents, or 0.5%, to $78.39 a barrel by 0016 GMT.
Agri Picks Report May 14, 2024: Geojit Financial Services
According to Geojit, The government's wheat stocks with Food Corp of India were down 17.3% on year but up a massive 245.8% on monthat 26 mln tn as of May 1, data from the nodal food procurement agency showed.
Oil prices tick up on tighter supply outlook
U.S. West Texas Intermediate crude futures rose 18 cents to $79.30 a barrel by 1224 GMT. Brent crude futures gained 19 cents, reaching $83.55 a barrel.
Agri Picks Report May 13, 2024: Geojit Financial Services
According to Geojit, There is a 49% chance that La Nina conditions, considered favourable for the southwestmonsoon, may develop over the equatorial Pacific, according to the Climate Prediction Center of the US-based National Weather Service.
Sky high prices take shine off Indian gold buying festival
Akshaya Tritiya, the second-biggest gold-buying festival after Dhanteras, was celebrated on Friday.
Oil extends decline on signs of weak fuel demand, strong dollar
Brent crude futures slid 26 cents, or 0.3%, to $82.53 a barrel by 0025 GMT while U.S. West Texas Intermediate crude futures was at $78.03 a barrel, down 23 cents, or 0.3%.
Commodity traders to seek clues from upcoming US inflation, Fed officials’ speeches next week, for timing of policy easing
Commodity traders will closely monitor key indicators from China for insights into April's economic activity, following favourable trade figures.
Agri Picks Report May 10, 2024: Geojit Financial Services
According to Geojit, India received 8.8 mm of rainfall in the week ended Wednesday, 25% below the normal weighted average of 11.8 mm for the period, according to the India Meteorological Department.
Gold set for best week in five on renewed US rate-cut hopes
Spot gold gained 0.2% at $2,350.87 per ounce by 0212 GMT after hitting a more than two-week high earlier. Prices have risen 2.2% so far this week.
