Due to the small depreciation of the US dollar and the increasing tensions in the Middle East, gold prices surged to almost one-week highs on Monday. As of 03:35 , spot gold was up 0.4% at $2,021.09 an ounce, reaching a peak not seen since February 13. Additionally, U.S. gold futures increased 0.4% to $2,032.40…
In light early trading on Monday morning—a national holiday in the US—oil prices began to decline At $82.89 per barrel, Brent crude futures were down 58 cents, or 0.69%. At 0138 U.S. West Texas Intermediate crude was down 35 cents, or 0.44%, at $78.84. The second-largest hospital in the Gaza Strip was shut down by…
India’s total oilmeal exports increased by 1% in January thanks to a rise in the export of soy meal. According to information gathered by the Solvent Extractors’ Association of India (SEA), India exported 4.77 lakh tonnes (lt) of oilmeals in January 2024 compared to 4.72 lt in the same month the previous year. Nonetheless, overall…
Prices for Gold and Silver Today: On Saturday, there was a minor increase in the price of gold. The cost of 22-carat gold has increased by Rs. 729.0 to Rs. 5808.4 per gm, while the price of 24-carat gold has increased by Rs. 795.0 to Rs. 6341.0 per gm. The price of 24-carat gold has…
India’s domestic crude oil production for the first ten months of the current fiscal year was 24.5 million metric tonnes, a slight decrease of 0.4% from the same time the previous year. Additionally, the output did not meet the goal of 25.1 for the April–January period. Out of this, ONGC’s production decreased by 3% to…
Natural gas saw pressure from below, ultimately settling at 133.6, down -1.11% from the previous week’s close amid record output and a lower-than-anticipated storage depletion. Warmer-than-normal weather that reduced demand for heating caused U.S. utilities to withdraw 49 billion cubic feet of natural gas from storage during the week ending February 9, 2024, falling short…
The market’s recent performance for turmeric is a result of a combination of demand dynamics, supply-side restrictions, and technical factors that affect price changes. Even if it ended the day 2.4% higher at 15330, the increase is limited by slower buying activity before the release of stocks in preparation for the start of fresh crops….
On Friday, oil prices fluctuated as investors considered the dwindling demand prediction by a powerful organization and the unimpressive U.S. retail sales report that raised hopes for interest rate reduction in the country. At 01:31 , Brent crude futures fell 11 cents, or 0.1%, to $82.75 a barrel. At $78.04 a barrel, U.S. West Texas…
U.S. inflation statistics that sparked worries about possible delays in high-interest rate cuts caused copper to close down by -0.25% at 705.9. Interest rate reduction forecasts were recalculated by traders in response to the surprisingly high U.S. consumer price index in January. Based on the present pricing of Federal funds futures, LSEG’s rate likelihood tool…
The jeera market’s recent performance is indicative of the complex interaction between several internal and external forces. Increased acreage in important areas like Gujarat and Rajasthan is driving the bullish perspective on production, which is the main cause of the -1.55% drop in jeera prices to 25150. Farmers’ reaction to record prices during the previous…
