Crude oil prices dropped by -4.87% to 5,919 due to OPEC+ production increases starting in October and concerns over sluggish demand in key markets like China and the US. OPEC+ plans to increase oil output by 180,000 barrels per day in October, but other cuts are expected to remain until 2025. The Arabian Gulf Oil…
As investors prepared for a monthly data on U.S. payrolls, which might impact the pace and extent of this year’s Federal Reserve interest rate cuts, gold prices remained stable on Wednesday. Spot gold maintained its position at $2,493.34 per ounce on Tuesday, after plunging to its lowest level in over a week. At $2,524.80, US…
Cotton candy prices rose 1.48% to 58,860, driven by concerns over declining acreage and supply tightness. The Kharif cropping season’s cotton acreage dropped by 9% to 110.49 lakh hectares, down from 121.24 lakh hectares last year. The Cotton Association of India predicts a total acreage of around 113 lakh hectares for this season. Due to…
Early on Tuesday, gold prices dropped as traders continued to speculate about the possibility of a September rate cut by the Federal Reserve. At $2,425.55, spot gold prices were down 0.24%. This previous month, the price of the precious metal showed great strength, hitting a record high of $2,531.60 on August 20. The report’s conclusions…
Gold prices fell by 0.8%, settling at 71,611 INR per 10 grams due to strengthening U.S. dollar and Treasury yields following inflation data. However, gold ended the week positively due to anticipation of a potential interest rate cut by the U.S. Federal Reserve in September. The personal consumption expenditures price index rose by 0.2% in…
With investors evaluating increased OPEC+ production from October against a significant decline in Libyan supply despite weak demand in China and the US, the two largest oil users in the world, oil prices continued to decline on Monday. U.S. West Texas Intermediate crude dropped 50 cents, or 0.7%, to $73.05 a barrel, while Brent crude…
Zinc prices rose by 0.32% to 268.2, driven by reduced supply and seasonal demand. However, concerns about China’s demand recovery limited gains. Treatment charges for zinc concentrates have reached historical lows due to tight supply. China’s zinc output has been declining, with potential cuts potentially reducing annual output by 3-4%. The International Lead and Zinc…
On Friday, oil prices marginally increased as investors considered Middle East production concerns; however, gains were tempered by indications of weakening demand. October delivery Brent crude futures, which expire on Friday, were up 23 cents, or 0.3%, at $80.17 per barrel. November’s more actively traded contract saw a 20-cent increase, or 0.2%, to $79.02. At…
Crude oil prices dropped by -1.02% at 6,288, due to weakening global demand and economic uncertainty. Major banks revised price forecasts, with China experiencing slowdowns and Europe experiencing lower diesel demand. Geopolitical risks and supply threats weakened gains. The country’s volatile oil output, which stood at about 1.18 million barrels per day in July, according…
In sporadic transactions, gold prices in the nation’s capital on Wednesday were unchanged at Rs 74,350 per 10 grams, despite a decline in international markets. Nonetheless, the price of silver decreased by Rs 400 to Rs 87,800 per kilogram. It had closed Tuesday’s previous session at Rs 88,200 per kg. In the meantime, 10 grams…
