Agri Picks Report April 09, 2024: Geojit
According to Geojit, The government has procured 70.7 mln tn of paddy as of Apr 5 in the 2023-24 kharif marketing season (Oct-Sep), according to the data on the Central Food Grains Procurement Portal.
Oil prices turn higher as Middle East ceasefire hopes wane
Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to $86.78.
Agri Picks Report April 05, 2024: Geojit
According to Geojit, The Multi Commodity Exchange Clearing Corp Ltd has decided to accredit the Bhavnaben warehouse in Rajkot for storage and effecting the delivery of cotton bales with effect from Thursday.
Gold rush continues, silver prices in India at all-time high: Reasons behind the record rally
Silver prices globally were at a 3-year high near $28 per oz. Silver prices in India are at an all-time high at near Rs 82,000 per kg.
Agri Picks Report April 08, 2024: Geojit
According to Geojit, The United Nations Food and Agriculture Organization's Food Price Index was at 118.3 points in March, up 1.1% from the revised level for February, the agency said in a report.
The Gold market hunts for answers behind bullion’s sudden surge
Analysts are armed with better market data than they’ve ever had before, and yet the cumulative answer is frustratingly vague: It’s everyone all at once, and no one in particular.
Oil tumbles nearly 2% as Middle East tensions ease
Brent crude futures dropped 94 cents, or 1%, to $90.23 a barrel by 2253 GMT after hitting a session low of $90.01.
Commodity markets to focus on US inflation, ECB policy meet next week
US inflation numbers would be in focus as latest jobs report displayed economic resilience and defied fears of a recession, even amid high interest rates.
Gold shatters record highs, heads for third straight weekly gain on buying momentum
Spot gold gained 1.5% to $2,324.15 per ounce, as of 2:03 p.m. EDT (1803 GMT), after hitting a record high of $2,330.06 earlier in the session.
Gold pauses record rally ahead of US jobs data
Spot gold was down 0.5% at $2,278.50 per ounce, as of 0328 GMT, after hitting a record high of $2,305.04 on Thursday. U.S. gold futures lost 0.5% to $2,296.90.
Oil prices bound for second weekly gain on geopolitical tension, supply concerns
Brent crude climbed 49 cents, or 0.5%, to $91.14 a barrel by 0108 GMT. U.S. West Texas Intermediate crude was at $86.96 a barrel, up 37 cents, or 0.4%.
Brent settles above $90 for first time since October on geopolitical tension
Brent futures for June rose above $91 a barrel before settling up $1.30, or 1.5%, to $90.65. U.S. West Texas Intermediate (WTI) futures for May settled up $1.16, or 1.4% to $86.59 a barrel.
Gold's glitter puts the spotlight on timeless wisdom from the likes of Buffett, Munger, Howard Marks
The safe haven allure and the ongoing run up in gold has prompted investors to crave expert opinions, even from timeless quotes on the precious metal, to fathom how much longer could the rally sustain.
Live: Gold hits record high again; Will it glitter further or consolidate? | Commodities Corner
Gold prices scale record highs above $2300 an oz. India Gold prices hit all time high at Rs 70248/10gms. MCX June futures lower than April futures. Gold supported from Geopolitical issues, central bank buying and short covering. Global Silver prices also at 26-month high. Catch Manisha Gupta with more details
Agri Picks Report April 04, 2024: Geojit
According to Geojit, The area under summer crops in Maharashtra rose 6% on year to 334,562 ha as of Monday, according to data published by the state agriculture department.
Oil settles at 5-month high, gains capped by jump in US crude stocks
Brent futures rose 43 cents, or 0.5%, to settle at $89.35 a barrel, and U.S. West Texas Intermediate futures gained 28 cents, or 0.3%, to $85.43 a barrel.
Gold sets another record high above $2,300 after Jerome Powell comments
Gold has been on a tear since mid-February — setting a record each day so far this week — as investors wager that it stands to benefit from the impending pivot by the Fed.
Live: Silver prices near all-time high at Rs 78,000/kg up by 10% in one month | Commodities Corner
Silver Prices Near All Time High At ₹78,000/kg, up 10% in one month. Silver prices hit 23 month high above $26 an oz. Silver prices takes support from record gold.1/3rd silver supply consumed by solar industry. Catch Manisha Gupta in conversation with Chirag Thakkar, Director of Amrapali Group on Commodities Corner.
Agri Picks Report April 03, 2024: Geojit
According to Geojit, Malaysia has decided to maintain the export tax rate for crude palm oil at 8% for April, while raising its reference price, according to a notification by the Malaysian Royal Customs Department displayed on the Malaysian Palm Oil Board website.
Gold hits record as Silver surges on outlook for Fed rate cuts
Bullion rose to a fresh peak above $2,288 an ounce before trading little changed, while silver topped $26 an ounce.
Oil gains as market buffeted by supply worries
Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.
Live: What does the rising dollar mean for other currencies | Commodities Corner
The Dollar Index (DXY00) surged to its highest level in 4-1/2 months, ending with a gain of 0.48%. This uptick was initially fueled by last Friday's robust US February personal spending report, which boosted confidence in the dollar. Furthermore, Federal Reserve Chair Powell's remarks on Friday, indicating no rush to lower interest rates, provided additional support to the dollar. On Monday, the dollar continued its upward trajectory following the release of the stronger-than-expected March ISM manufacturing index, signaling a hawkish stance on Fed policy. In contrast, the Reserve Bank of India introduced regulations stating that exchange-traded rupee derivative transactions should solely serve hedging purposes. The Reserve Bank of India had previously announced in January that, effective April 5, exchanges would be allowed to offer forex derivative contracts involving the rupee for hedging contracted exposure. Watch this edition of Commodities Corner with Manisha Gupta and Amit Pabari, Founder & Managing Director, CR Forex.
Gold prices near all-time high — Key reasons for the surge and what lies next? | Commodities Corner
Gold prices are at an all time high above $2,250/oz after gaining 10% in Q1 of 2024. Strong gold retail buying in China & Turkey is one of the prominent reasons behind the price surge. Catch Manisha Gupta with more details
Agri Picks Report April 01, 2024: Geojit
According to Geojit, The area under rabi crops in Telangana was at 6.7 mln acres (1 acre = 0.40 ha) as of Wednesday, 8% lower than 7.3 mln acres a year ago, according to data from the state government.
