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Category: Commodity Market

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

  • Commodity Market

Short-covering boosts crude oil prices, but concerns about the U.S. debt ceiling weigh

guna@fastura.com3 years ago03 mins

The U.S. debt ceiling uncertainty and resurrected concerns for a regional banking crisis in the United States limited advances in the early Asian trading on Friday as traders covered short positions in anticipation of the weekend. In the morning session, Brent crude futures were up 36 cents, or 0.5%, to $75.34 per barrel. To reach…

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  • Commodity Market

Crude oil prices increase due to encouraging U.S. fuel demand statistics.

guna@fastura.com3 years ago03 mins

A better gasoline demand report from the United States, the world’s biggest oil user, helped oil prices recover on Thursday after falling by more than a dollar a barrel the previous day. In the morning session, the price of Brent crude futures increased by 56 cents, or 0.7%, to $76.97 per barrel, while the price…

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  • Commodity Market

Gold price declines and swings in a narrow range as traders wait for the US CPI figure

Mahalakshmi@fastura.com3 years ago03 mins

The price of gold is falling today, while the price of silver is down by 0.21%. Gold June futures were down Rs 146 or 0.24% to Rs 61,273 per 10 grams on the Multi Commodity Exchange. At Rs 77,290 per kg on the MCX, silver July futures were trading 166 rupees lower. According to Reuters,…

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  • Commodity Market

Silver prices increased as a result of economic uncertainty

Mahalakshmi@fastura.com3 years ago03 mins

The U.S. debt ceiling standoff and other economic uncertainty helped silver close up 0.49% at 77456 yesterday as markets prepared for inflation figures that could affect the Federal Reserve’s interest rate policy. There is currently an 88.0 percent possibility that the Federal Reserve will maintain interest rates at its next meeting in June, according to…

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  • Commodity Market

SEBI approves the introduction of steel rebar futures on MCX

Mahalakshmi@fastura.com3 years ago02 mins

Steel rebar futures have been approved for release by SEBI on MCX, the nation’s biggest commodity exchange. The exchange stated that the launch date for the contracts would be disclosed separately. The trading unit will have a base value of one tonne and be 5 tonnes. The tick size will be $10 per tonne, and…

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  • Commodity Market

Crude oil prices rise as recession worries start to subside

Mahalakshmi@fastura.com3 years ago03 mins

Early Asian trading on Monday saw a tiny increase in oil prices as concerns about a U.S. recession that had caused prices to fall for three weeks in a row for the first time since November started to fade. Brent crude prices were up 6 cents at $75.36 per barrel. West Texas Intermediate (WTI) oil…

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  • Commodity Market

MCX gold trades flat, with gold headed for its largest weekly increase in two months

Mahalakshmi@fastura.com3 years ago05 mins

The price of gold is trading unchanged on Friday, while the price of silver is up 0.23%. Gold June futures were selling at Rs 61,469 per 10 grams on the Multi Commodity Exchange, down Rs 24 or 0.04%. On the MCX, silver May futures were trading at Rs 78,220 per kilogram, up Rs 182. Globally,…

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  • Commodity Market

Crude oil prices continue to decline after the Fed raises interest rates.

guna@fastura.com3 years ago03 mins

After the U.S. Federal Reserve raised interest rates and investors became concerned about a slowing global economy that could reduce energy demand, oil prices fell more than 1% on Thursday, compounding recent steep losses. Brent futures had decreased by 76 cents, or 1.1%, to $71.57 per barrel. On Wednesday, the global benchmark recorded its lowest…

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  • Commodity Market

Zinc increased as the 2023 global shortfall in the zinc market

Mahalakshmi@fastura.com3 years ago02 mins

The price of zinc yesterday increased by 0.67% to 234.1 because the International Lead and Zinc Study Group (ILZSG) predicted that the global market for refined zinc will likely have a deficit in 2023. The ILZSG predicted that in 2023, there will be a shortage of only 45,000 tonnes, as the demand for refined zinc…

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  • Commodity Market

Natural gas prices decreased as production increased

Mahalakshmi@fastura.com3 years ago03 mins

The price of natural gas yesterday decreased by -4.48% to settle at 181.3 as drillers continue to extract record amounts of gas from the ground while the heating demand is reduced by the seasonally warmer weather and by units closing for spring maintenance. Average gas production in the Lower 48 States of the United States…

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