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
The price of natural gas significantly increased by 4.54% to reach 237. This increase was linked to a decrease in daily gas output and an increase in gas flow to American LNG export terminals. According to data, gas production peaked in August at 102.2 billion cubic feet per day (bcfd) and then decreased in September…
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
Tuesday marked the fourth straight session of rising oil prices as concerns about a supply shortage brought on by Saudi Arabia’s and Russia’s prolonged production cuts increased in response to the U.S.’s lackluster shale output. While Brent crude prices, the international oil benchmark, increased by 58 cents, or 0.61%, to $95.01 per barrel, U.S. West…
As investors priced in a pause in interest rate increases by the Federal Reserve during its policy meeting this week, with a focus on the U.S. central bank’s rate outlook, gold prices nudged higher on Monday. The price of spot gold increased 0.2% to $1,928.19 per ounce. American gold futures increased 0.2% to $1,949.30. Ahead…
The windfall tax on domestic crude oil output has been raised by the Union government from Rs. 6,700 per tonne to Rs. 10,000 per tonne. The price hike will take effect on September 16. The special additional excise tax (SAED) on aviation turbine fuel (ATF) has been reduced by the government from 4 to 3.50…
On Friday, oil prices reached their highest point in ten months as a result of China reducing the amount of cash reserves that banks were required to hold in order to support its economic recovery and amid anticipation that the major cycles of global interest rate hikes were coming to an end. West Texas Intermediate…
Following a brief decline the previous day, oil prices increased on Thursday as traders’ attention returned to the prospect of a limited supply of crude for the remainder of 2023. International benchmark Brent futures increased 17 cents to $92.05 a barrel, while West Texas Intermediate crude (WTI) increased 19 cents to $88.71. The International Energy…
The price of copper decreased a little by -0.18%, ending the day at 732.1. Although encouraging signs from China, the world’s largest buyer of metals, restricted the losses, this decline was caused by a stronger currency and rising copper inventories. The amount of copper stocks in LME-registered warehouses increased by 1,125 tonnes, reaching a total…
As investors awaited a barrage of macroeconomic data due later this week that could suggest whether Europe and the U.S. continue to boost interest rates, Brent oil futures stayed slightly above $90 a barrel on Tuesday. The benchmark Brent contract for international markets fell 6 cents to $90.58 a barrel, while West Texas Intermediate oil…
Despite continuing macroeconomic uncertainty, crude oil achieved a rise of 0.43%, ending the day at $72.58. Investors were more interested in the tightening supply conditions. The voluntary supply cuts by Saudi Arabia and Russia were increased by a total of 1.3 million barrels per day until the end of the year, which improved market sentiment….
