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 prices fell for the second consecutive session on Thursday due to a rise in the U.S. dollar and Treasury yields ahead of key inflation data. This data could impact the Federal Reserve’s interest rate plan, leading investors to brace for potential surprises that may require the Fed to adjust its monetary policy outlook. Spot…
Yesterday, crude oil prices fell by -0.2% to settle at 6624 after the International Energy Agency (IEA) revealed a notable rise in global oil stocks for March. The increase in oil retained aboard tankers in transit is mostly responsible for the 34.6 million barrel increase reported by the IEA in February. With the unloading of…
Forecasts predicting higher demand over the next two weeks and increased flow to liquefied natural gas (LNG) export plants drove yesterday’s 0.21% increase in natural gas prices, which closed at 235.2. Prices jumped despite indications of heightened drilling activity and a notable excess supply in storage, underscoring the market’s susceptibility to supply dynamics and demand…
Due to a decline in the global zinc market surplus and other variables influencing supply and demand, zinc prices increased by 0.83% to settle at 273.75. According to data from the International Lead and Zinc Study Group (ILZSG), the excess in the global zinc market decreased from 66,800 tonnes in February to 52,300 metric tonnes…
Gold fell 0.45% to 71,256 yesterday after hawkish comments in the Federal Reserve’s most recent minutes dampened prospects of a U.S. interest rate drop. The policymakers’ heated discussion about whether the present rates are tight enough to curb inflation was evident in the minutes. Interest rate hikes in the future were discussed, even though it…
China’s significant increase in imports of unwrought aluminium and related products caused aluminium prices to drop by 0.68% to end at 239.85. With a remarkable 72.1% year-over-year growth in April imports to 380,000 metric tonnes, the first four months of the year saw 1.49 million tonnes of imports, an 86.6% increase over the same period…
As a result of an unanticipated increase in U.S. crude stockpiles, crude oil prices fell by 1.16% Wednesday, closing at 6,492 INR. 1.825 million more barrels of crude oil were added to U.S. stocks last week, according to the Energy Information Administration (EIA), than the 2.55 million barrel drop that the market had anticipated. Distillate…
Concerns about bullish demand despite tightening supply conditions—which could result in market deficits—pushed copper prices higher by 0.26% to close at 894.3. Forecasts regarding the metal’s continued usefulness were validated by its essential position in a variety of industries, particularly in electrification for uses including grid-scale energy storage and electric car charging. Beijing’s move to…
Crude oil prices rose by 0.6% during yesterday’s trading session, ultimately closing at 6551. This increase was primarily driven by a notable decline in oil inventories. The US oil stockpiles dropped by 2.508 million barrels more than anticipated, according to data released by the Energy Information Administration (EIA), exceeding market expectations. In addition, surprise drops…
Short-covering activity followed a recent decline in prices caused by a spike in stockpiles reported by the London Metal Exchange (LME) that led to a little uptick in aluminium yesterday, with the metal climbing by 0.54% to settle at 233.95. Data showed that LME warehouses were experiencing a major influx of aluminium, as stockpiles more…
