Welcome to the Commodity Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
The next president said he would impose tariffs on European imports unless the EU sharply increased its purchases of US gas and oil. The president has already promised to increase import duties on China, the country with the largest US trade deficit. To support US manufacturing, he has also imposed new tariffs on allies such…
Gold prices rose on Friday due to a softer dollar and Treasury yields, following U.S. economic data showing a slowdown in inflation. Spot gold was up 1.2% at $2,624.15 per ounce, while U.S. gold futures settled 1.4% at $2,645.10. The dollar fell 0.6% from its two-year high, making gold less expensive for overseas buyers. The…
Crude oil prices fell by 0.94% to settle at ₹5,933, driven by concerns over global oil demand, particularly from China. The U.S. Federal Reserve’s indication of a slower pace of interest rate cuts in 2025 added to the bearish sentiment, as higher borrowing costs could dampen economic growth and reduce fuel demand. A stronger dollar…
Gold prices fell 1.31% to ₹75,651 on pressure from the Federal Reserve’s decision. More caution is needed on interest rate cuts. The central bank cut rates as expected. India’s gold imports are expected to fall in December after hitting record purchases in November due to weak domestic demand. The auspicious days are preventing large purchases…
Aluminium prices dropped by -0.53% at ₹243.35 due to rising output in China and Asia’s tightening supply. In November, Chinese aluminium production increased by 3.6% YoY, reaching 3.71 million metric tons. However, high alumina costs and environmental control measures are affecting smelters. China’s aluminium exports reached nearly 5.5 million tons in the first ten months…
Natural gas prices rose by 4.5% to ₹299.6 due to a larger-than-expected storage draw, with the U.S. Energy Information Administration (EIA) reporting a withdrawal of 190 billion cubic feet from storage for the week ending December 6. Despite the decline, storage levels remain 1.8% higher year-over-year and 4.6% above the five-year average. Gas flows to…
Zinc prices dropped by 0.61% at 290.95 due to a slight increase in smelter production, less impacted by reductions in key regions like Henan and Gansu. Production surged in Qinghai, Inner Mongolia, Xinjiang, Hunan, and Shaanxi. Domestic refined zinc production is projected to rise by over 20,000 mt monthly in December 2024, marking a 5%…
Silver prices rose 0.29% to 95,802 on expectations of a Federal Reserve rate cut. Self-regulation plans have been introduced and are working on behalf of China’s solar panel industry, which is reducing demand for silver. According to the Silver Institute, the global silver deficit will decrease by 4% to 182 million ounces in 2024, based…
Natural gas prices are expected to rise on the back of warmer weather. Natural gas prices rose 3.63% to ₹271.5. Demand increased on higher feedgas volumes from LNG export facilities, averaging 14.2 billion cubic feet (bcfd) in early December, up from 13.6 bcfd in November. Production in the 48 states increased from 101.5 bcfd in…
Natural gas prices rose by 0.65% to ₹262, driven by forecasts for cooler weather and increased heating demand. Rising gas flows to U.S. LNG export plants also supported the market. However, gains were limited as utilities reported smaller-than-expected storage withdrawals. The U.S. Energy Information Administration reported a 30 billion cubic feet withdrawal for the week…
