Gold steadies off 3-week high as US inflation data buoys dollar
Spot gold inched up 0.1% to $1,758 per ounce by 10:39 ET (1439 GMT), having earlier hit a peak since July 6 at $1,767.79. U.S. gold futures rose 0.3% to $1,774.50 per ounce.
Gold accelerates on gloomy US economic readings
Spot gold extended gains on the data, and was last up 1.1% to $1,752.94 per ounce by 10:50 a.m. EDT (1450 GMT), helped along by a subsequent slide in U.S. Treasury yields. U.S. gold futures rose 1.8% to $1,749.10.
Oil edges higher as traders weigh tight market, slowdown fears
The Federal Reserve is expected to approve another big interest-rate hike this week as the central bank combats surging inflation, piling pressure on demand
Oil set for longest run of declines this year in boost for Biden
Central banks including the Federal Reserve - which meets next week to set policy -have been raising interest rates to quell inflation, triggering concerns of a slowdown that’ll sap commodity demand
Oil drops below $100 as traders assess weak US gasoline demand
After rallying for most of the first half following Russia’s invasion of Ukraine, oil prices have been dragged lower in recent weeks by fears of recession and central bank tightening
Higher customs duty to hit gold jewellery demand this fiscal: Report
Hike in customs duty on gold by 5 per cent to 12.5 per cent on June 30 is likely to result in flat revenue growth for gold jewellery retailers in the current financial year compared to the exceptional demand witnessed in the year-ago period.
Oil jumps 2.5% as no immediate Saudi output boost expected
Brent crude futures were up $2.50, or 2.5%, to $101.60 a barrel by 11:39 a.m. EDT (1539 GMT) while West Texas Intermediate crude rose $2.38, or 2.5%, to $98.16.
CIL authorises PT Bara Daya Energy to import 7.91 lakh tonnes coal for supply to gencos
Subsequently, CIL awarded the contract for supply of 7.91 lakh tonnes of imported coal to PT Bara Daya Energy Ltd (consortium) to the interested gencos during August and September, sources said.
Gold hurtles toward fifth weekly dip on dollar strength
Gold looks to be in a free-fall, and typically buyers will restrain themselves until the price finds some decent support, said independent analyst Ross Norman.
Gold sheds over 2% on rampant dollar as Fed rate hike looms
The dollar soared to a 20-year high, emerging as a preferred save haven amid growing economic risks of late, at gold's expense.
Oil prices tumble more than $4 ahead of potential large U.S. rate hike
Brent crude futures for September fell by $4.05 to $95.52 a barrel by 1356 GMT and were on track to finish a third session in a row below $100.
Sharp rise in commodity prices to have adverse impact on construction industry's profitability: Icra
The industry is battling with input cost pressure due to considerable rise in major commodity costs, particularly steel, bitumen and cement.
Gold buckles under pressure from strong dollar, looming rate hikes
Spot gold fell 0.2% at $1,729.79 per ounce by 1454 GMT. U.S. gold futures fell 0.3% to $1,726.70.
Oil rises 2% but set for weekly loss on recession fears
Oil prices soared during the first half of 2022. Brent neared the record high of $147 after Russia launched its invasion of Ukraine in February, adding to supply concerns.
Gold declines Rs 436; silver gains Rs 233
In the international market, gold was trading higher at USD 1,743 per ounce while silver was flat at USD 19.36 per ounce.
Taking every step possible to keep edible oil prices in check: Food Secretary
The rise in domestic production of edible oil coupled with ease in supply for imports is expected to give scope to cut retail prices.
Oil steadies near $100 after plunging on recession concerns
With central banks including the Federal Reserve jacking up interest rates to tame inflation, investors have been pricing in the consequences of a slowdown even as physical crude markets continue to show signs of vigor and the war in Ukraine drags on
Oil rebounds above $100 after plunging on recession concerns
Overall consumption of gasoline and diesel last month was at almost 90percent of June 2019 levels, according to people with knowledge of the energy industry
OPEC+ did its job, but don’t expect it to disappear
The group of 23 oil-exporting countries met virtually on Thursday and agreed to add back in August the final tranche of the 9.7 million barrels a day of supply that they agreed to cut back in April 2020
G-7 negotiators put Russia oil price cap on agenda for leaders
G-7 states are eager to find a way to limit the Kremlin’s energy revenue while mitigating the impact on their own economies from steps to quickly curb their reliance on oil and gas from Russia
Commodities fall as copper posts sharpest weekly drop since March 2020, helping global stocks escape red
Commodity prices showed signs of settling down as copper, a metal which has applications across industries and construction activities, saw its sharpest weekly fall since the pandemic-induced jolt to economic activity in March 2020. The commercial metal slid three percent in Shanghai and seven percent for the week.
Aluminium, Iron Ore, Copper & other metals at multi-month lows: Time to buy or stay away?
Amid worsening outlook for growth and inflation, commodity prices, especially metals have cracked quite significantly. With most metals coming off multi-week lows, Karunya Rao and Manisha Gupta discuss the key factors at play and the likely future outlook
Watch | As gold and silver bounce back after Fed hike, will the rebound sustain?
Gold rallied on Wednesday in international markets as the dollar and Treasury yields retreated after the Federal Reserve announced the biggest US interest rate hike since 1994. Will this rebound sustain? Join Karunya Rao and Manisha Gupta in 1 pm live to find out
India cuts base import prices of crude palm oil, gold
India has reduced the base import prices of crude palm oil, soyoil, gold and silver, the government said late on Wednesday.
