Gold prices rose slightly in Asian trade on Friday, but fell from record highs on a pro-dollar Federal Reserve chief warning. Earlier this week, the yellow metal hit an all-time high on increasing hopes that the central bank will cut interest rates in September. Despite some profit-taking and a decline in prices, gold was relatively…
Gold prices fell to record lows in Asian trade on Thursday, as the yellow metal’s rally cooled, as U.S. interest rate cuts and a slowdown eased. The yellow metal hit an expected high this week the Federal Reserve will begin cutting rates in September. Spot gold fell 0.5% to $2,500.55 an ounce, while gold futures…
Cotton prices rose by 0.26% to ₹57,200 due to concerns over reduced acreage in the Kharif cropping season. The Cotton Association of India reported a 9% decrease in cotton acreage, which is expected to be around 113 lakh hectares this year. This decline is primarily due to lower yields and high production costs. India’s cotton…
Zinc prices rose by 0.89% at 266.95 due to improved demand in China and a weakening dollar, along with expectations of an imminent US interest rate cut. The decrease in zinc inventories in warehouses and higher energy costs, which account for a significant portion of zinc production expenses, also supported prices. Positive economic signals from…
As the prospect of lower U.S. interest rates hurt the dollar and encouraged more flows into the yellow metal, gold prices steadied in Asian trade on Wednesday after reaching record highs this week. Both spot and December-expiring gold futures saw 0.1% and 0.1% increases, respectively, to $2,515.44 and $2,553.35 an ounce. At $2,531.72 an ounce…
Oil prices fell on Wednesday following a trip by mediators to the Middle East, growing US crude supplies and hopes that tensions were easing. Brent crude futures were down 9 cents, or 0.1%, at $77.11 a barrel. U.S. West Texas Intermediate crude was down 12 cents, or 0.2%, a barrel. U.S. crude stocks were forecast…
With Israel accepting a plan to address the issues preventing a ceasefire agreement in Gaza, concerns over a disruption in Middle Eastern oil supplies were allayed, and oil prices inched down on Tuesday. At $77.54, Brent crude dropped 12 cents, or $2.02, or 0.15%. Tuesday’s front-month U.S. West Texas Intermediate oil futures were down 14…
Tuesday’s opening price for the gold October futures contracts at MCX was Rs 71,513 per 10 grams, down 0.1% or Rs 71, while the silver September futures contracts were trading at Rs 84,426/kg, up 0.1% or Rs 88. Over the past three days, there has been a gain of roughly Rs 1,400/10 gram in gold…
Oil prices fell on Monday on worries about slowing demand in China, the world’s biggest oil importer. Brent crude futures were down 13 cents, or 0.2%, at $79.55. U.S. for America West Texas Intermediate crude futures were down 0.2%, or 13 cents, at $76.52 a barrel. The country’s industrial production fell and unemployment rose. That…
Gold saw a 1.77% increase to close at 71,375, fuelled by increasing hope for a September rate cut in the US. However, the market’s expectations have cooled, tempering expectations for rapid easing by the Federal Reserve due to recent strong economic statistics. are inclined to agree to a rate decrease next month. The gold market…
