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
As a result of important market events, crude oil had a big increase of 2.02%, finishing at 6871. Notably, the main forces behind this rally were the steep decrease in U.S. crude stocks and the belief that the leaders of OPEC+ would maintain a tight world supply. According to figures from the Energy Information Administration…
Silver rates fell by 0.32% on Thursday, while gold prices just slightly declined. Gold October futures were selling at Rs 59,460 per 10 grams on the Multi Commodity Exchange, down Rs 18 or 0.03%. On the MCX, silver December futures were trading at Rs 76,037 per kilogram, down Rs 243. Although inflation figures anticipated later…
After China took action to support its faltering stock and housing markets ahead of reports from the industrial sector, copper yesterday ended the day up 0.61% at 737.1. China’s decision to bolster its stock market by reducing stamp tax, among other measures, contributed to a more positive risk mood across financial markets. The dollar declined…
As the dollar fell from a 12-week high due to improving risk sentiment in the financial markets, crude oil yesterday closed down by -0.26% at 6503. Gains overall were modest as the perception of tighter supply was countered by the possibility of loosening sanctions against Iran and Venezuela. After China announced additional measures to rescue…
On expectations that demand will fall as the extreme heat wave that has been engulfing much of the central region of the country and Texas begins to subside, natural gas yesterday declined by -0.29% to 209.3. Extreme heat increases the quantity of gas burnt to generate cooling power, notably in Texas, which derives the majority…
As sluggish manufacturing activity harmed the outlook for global demand and the dollar remained strong, oil prices decreased marginally in early Asian trade on Friday, setting the stage for a weeklong loss. While U.S. West Texas Intermediate crude slid 18 cents, or 0.2%, to $78.91 per barrel, Brent crude dropped 16 cents, or 0.2%, to…
On Wednesday, gold prices rose as a slight drop in the dollar and Treasury yields allowed bullion to stabilize close to a crucial $1,900 level ahead of a meeting of central bankers that was likely to reveal clues about the direction of interest rates. While American gold futures increased by 0.2% to $1,929.40 per ounce,…
The price of natural gas yesterday increased by 3.02% to 218.6 due to predictions that the weather would continue to be hotter than usual until early September, which will keep air conditioning demand high, particularly in Texas. Even though it was anticipated that demand would decline over the following two weeks, that price rise still…
The price of crude oil yesterday increased by 1.08% to settle at 6726 on signs of tightening global supply, but the increase was restrained by China’s slowing economy and worries about additional U.S. interest rate increases. Unexpected rate cuts by the central bank failed to calm the market as fears about the country’s struggling economy…
Yesterday, the price of gold decreased by -0.67% to settle at 58290 as the 10-year Treasury yield rose to its highest level in 10 months on concerns that U.S. interest rates may continue to rise in the future, which was fueled in part by China’s economic difficulties. The Fed’s minutes revealed that policymakers were split…
