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
Crude oil prices dropped by 1.98% to ₹6,300 after the US reversed its initial plan to impose sanctions and tariffs on Colombia after reaching an agreement on deported migrants. Market volatility persists due to the President’s strong rhetoric. US crude oil inventories fell for the ninth week, with a 1.02 million-barrel drop. Inventories at the…
Aluminum prices rose 0.08% to ₹252.75, following comments from the US President that investors were optimistic about a possible trade deal with China, the world’s top user of the metal. The sentiment was further bolstered by developments in the European Union, which is set to ban primary aluminum imports from Russia as part of its…
Cold weather forecasts have led to a 4.52% increase in natural gas prices, with severe cold likely to push daily gas demand to a new high, with LSEG estimating 172.2 billion cubic feet per day (bcfd) on January 21, surpassing the previous record of 168.4 bcfd. Cold weather has already affected production, and historically, similar…
Gold prices have continued to rise, hitting their highest since November 1 at $2,750. Global trade uncertainty and US interest rates have been driving gold prices higher day by day. From a technical perspective, a break above $2,720 indicates a positive sentiment, with a move to $2,790 expected. Gold prices rose for a third straight…
Gold prices fell 0.26% to ₹79,023 as markets anticipated a change in policy ahead of the new Fed interest rate announcement. However, losses were somewhat limited by better-than-expected US inflation figures, which fuelled hopes for a repeat Federal Reserve rate cut. The US manufacturing sector showed strength, with output rising 0.6% in December, beating market…
Aluminum prices rose 1.1% to ₹252.55 on supply concerns and EU sanctions on Russian aluminum imports.Also, aluminum stocks in LME-registered warehouses have fallen 45% since May 2024, totaling just 619,375 tonnes. More than 60% of canceled warrants indicate that more aluminum could leave LME warehouses in the coming weeks, significantly reducing supply. This supply reduction…
Gold prices rose 0.71% to ₹78,710 on better-than-expected US inflation data, which raised the prospect of a less restrictive monetary policy from the Federal Reserve. This led to a surprise decline in annual core consumer inflation, and the Fed’s earlier rate cuts in July than in September raised market expectations. Global demand for gold remained…
Crude oil prices fell 1.84% to ₹6,736 on profit-taking, despite continued support from US sanctions on Russian oil supplies. The US Treasury Department imposed sanctions on Gazprom (MCX:GAZP) Neft, Surgutneftegaz and 183 vessels in Russia’s shadow fleet, which could cut Russian oil exports by up to 800,000 barrels per day (bpd). However, lower oil imports…
Gold prices rose 0.28% to ₹77,747 on the back of the Federal Reserve’s rate cut for 2025 amid concerns over taxation after the US election. A stronger dollar and higher Treasury yields generally weigh on gold. Following three rate cuts in 2024, the Fed is expecting two more cuts in 2025, with markets easing by…
Natural gas prices fell 3.22% to ₹300.6 on lower heating demand and lower-than-expected output from frozen wells. Daily gas supplies in the eastern United States fell to a six-week low of 102.6 billion cubic feet (Bcf) due to severe cold in the eastern United States, and in January, gas flows to LNG export plants rose…
