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
Gold’s price surge surpasses oil and copper, attracting central bank purchases in emerging markets. Unlike fiat currencies, its limited supply protects against inflation and currency devaluation, ensuring stability and financial stability. Gold also lacks credit or counterparty risk. Geopolitical factors drive gold demand, with 81% of central banks expecting global gold reserves to increase, and…
Natural gas prices dropped by 2.27% to ₹180.6 due to milder weather forecasts, reducing demand for gas by power generators. Despite this, output decreased, and flows to LNG export terminals increased. Gas inventories remained 12% above normal levels, as producers injected smaller amounts into storage for 15 out of 16 weeks. Gas output in the…
Although the gains were constrained by ongoing demand concerns, oil prices increased somewhat after falling to multi-month lows earlier because major producers may postpone an output rise scheduled for next month and because U.S. stocks decreased. November Brent crude futures saw a 0.1% increase, or 15 cents, to $72.85, following a 1.4% decline to the…
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…
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…
