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
Several factors contributed to copper’s strong performance during yesterday’s trading session, which saw it close up 1.11% at 855.3. A weaker dollar aided the upward momentum after the release of negative U.S. jobs data and projection revisions indicating a reduction in supply due to mining disruptions. Concerns about supply were raised by the International Copper…
The Federal Reserve kept interest rates unchanged and admitted their efforts to reduce inflation have failed. This caused the price of gold to rise as it is seen as a hedge against inflation. The central bank also indicated that additional rate hikes are unlikely in the near future. The Fed’s recent comments were seen as…
The Centre has reduced the windfall tax on domestically produced crude from Rs 9,600 per tonne to Rs 8,400 per tonne, effective immediately. The windfall tax remains unchanged at nil for diesel and aviation fuel turbines. Earlier on April 16, the government had increased the windfall tax from Rs 6,800 to Rs 9,600 per tonne….
Natural gas saw a 5.11% increase and ended up at 168.7 due to several variables that affected market dynamics. A decrease in output combined with more feed gas supplied to the Freeport LNG export facility raised market activity. Natural gas flow to U.S. LNG export facilities increased significantly, hitting a three-week high. Freeport LNG in…
Aluminum prices rose by 0.93% to settle at 237.75 due to supply concerns from sanctions on Russian metals. The London Metal Exchange (LME) and Chicago Mercantile Exchange (CME) were prohibited from accepting new Russia-made aluminum, copper, and nickel. This led to dwindling aluminum stocks to 171,200 tones, the lowest level since August 2022. China’s demand…
Silver prices saw a small increase of 0.1% to close at 82496 as investors kept a close eye on the Federal Reserve’s monetary policy path after the US Personal Consumption Expenditures (PCE) data was released. The annual rates exceeded projections, even though the monthly key and core inflation rates aligned with expectations. This highlights ongoing…
Gold prices moved little in Asian trade on Monday, seeing little relief from recent losses as traders continued to price in higher-for-longer U.S. interest rates before a Federal Reserve meeting later this week. The yellow metal tumbled from record highs hit earlier in April as safe-haven demand waned in the absence of any escalation between…
The government is pushing for more gas-based energy to meet the increasing power demand of domestic businesses and power plants. Natural gas consumption is expected to rise by 30-35% in FY25 compared to FY24 due to the declining global prices. In order to fulfill the increased demand for power throughout the summer, the government has…
As a result of in-line inflation figures and a strengthening dollar amid ongoing geopolitical tensions, oil prices ended a two-week losing run on Friday by closing higher. Futures for Brent oil increased by 0.3% to $89.85 per barrel, while West Texas Intermediate oil increased by 0.4% to $89.38 per barrel. By projections, PCE inflation increases….
Oil prices rose by 0.32% to settle at 6911 due to an optimistic demand outlook and ongoing supply risks. The Federal Reserve may delay interest rate cuts until September due to rising inflation. However, concerns arose as U.S. gasoline stockpiles fell less than expected, while distillate stockpiles rose, signalling a potential demand slowdown. U.S. crude…
