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
Monday’s Asian trading saw a pullback in gold prices, which were still comfortably within a recent trading range as concerns about longer-term, higher U.S. rates increased ahead of important economic data. gold futures expiring in March dropped 0.4% to $2,041.85 an ounce, while spot gold declined 0.2% to $2,032.32 an ounce. Since higher rates increase…
The price of natural gas dropped sharply by -4.09% to 143.1, mostly due to record supply, a surplus of fuel in storage, and a decrease in heating demand. During the week ending February 16, 60 billion cubic feet of natural gas were drawn from storage; this amount was less than the 64 billion cubic feet…
Early Asian trading on Monday saw a further decline in oil prices from the previous session. At the end of the week, oil prices had dropped 2-3% due to market concerns that inflation that was stronger than anticipated may postpone U.S. interest rate cuts. By 0121 , U.S. West Texas Intermediate (WTI) crude prices slid…
On Friday, the price of gold saw a small boost. The cost of 24-carat gold has increased by Rs. 1014.0 to Rs. 6420.6 per gram. The cost of 22-carat gold has increased by Rs. 930.0 to Rs. 5881.3 per gram. 24-carat gold saw a 1.23% gain in price over the previous month, but only a…
At 0212 U.S. West Texas Intermediate crude futures were down 25 cents, or 0.3%, at $78.36, while Brent crude futures were down 25 cents, or 0.3%, at $83.42 a barrel.Longer-term higher interest rates reduce economic growth and hence reduce demand for oil. Following Waller’s remarks, oil benchmarks lost part of their Thursday gains. As fighting…
Chesapeake Energy announced a cut in its 2024 gas production estimates in response to the recent drop in gas prices to a 3.5-year low, which caused natural gas to see a significant jump, finishing up 11.84% at 147.4. This action by Chesapeake is part of a larger trend, as other gas producers like Antero Resources,…
On Thursday, oil prices marginally increased, U.S. West Texas Intermediate crude futures (WTI) increased by 17 cents to $78.08 per barrel. By 0150, the May contract was up 14 cents to $77.45 per barrel. The April delivery of Brent oil saw a 14-cent increase to $83.17 per barrel, while the May contract saw a 13-cent…
NEW DELHI (Reuters) -Oil prices regained some ground in Asian trade on Wednesday amid concerns over attacks on shipping in the Red Sea and growing expectations that cuts to U.S. interest rates will take longer than thought. Brent crude futures increased 24 cents or 0.3% to $82.58 a barrel by 0721 while U.S. West Texas…
With traders evaluating demand forecasts in China, the largest consumer, after the Lunar New Year break, zinc saw a loss of -1.71%, closing at 212.05. Reviving the housing market and stimulating loan demand are the overarching goals of China’s attempt to lower the benchmark reference rate for mortgages. Zinc concentrate production is planned to commence…
At 130, natural gas fell by -2.48%. The main causes of this fall were near record output, plenty of fuel storage, and above-average temperatures. Since the facility’s return to full power is likely to cause record levels of prices, technical concerns at Freeport LNG’s export facility further restricted the supply of gas to LNG export…
