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 dollar weakened on Friday as data revealed that weekly U.S. unemployment claims increased more than anticipated, raising hopes that a deteriorating labour market could lead to less-aggressive rate hikes from the Federal Reserve. Following a session-high increase of more than 1%, spot gold was up 0.1 percent at $1,832.59 per ounce. US gold futures…
On Thursday, oil prices remained almost unchanged due to a larger-than-anticipated drop in U.S. crude stocks and concerns that more aggressive U.S. interest rate increases would slow economic growth and reduce oil consumption. Brent crude futures had increased by 5 cents to $82.71 per barrel, while West Texas Intermediate (WTI) crude futures had increased by…
Due to unfavourable global indicators, the gold rate is trading lower on Thursday, while the silver rate is down 0.23%. Gold April futures were down Rs 76 or 0.14% on the Multi Commodities Exchange, trading at Rs 54,835 per 10 kilos. At Rs 61,672 per kg on the MCX, silver May futures were trading 145…
Early on Wednesday in Asian trading, oil prices stabilized as industry data revealed a reduction in U.S. crude oil stocks. The market had fallen the previous session over concerns that more aggressive U.S. interest rate hikes would hurt demand. The price of a barrel of April Brent crude futures increased by 8 cents to $83.37….
According to a senior industry official who spoke to Reuters on Tuesday, India’s imports of palm oil might increase 16% to a four-year high of 9.17 million tonnes in 2022/23 as demand is expected to increase following two years of contraction due to COVID-led lockdowns. Palm oil futures are already trading near their highest level…
The appeal of bullion as a hedge against price increases waned as gold prices edged down on Monday in the worldwide markets as central banks signalled additional interest rate increases to control the stubbornly high inflation. Spot gold was down 0.1 percent at $1,853.99 per ounce after reaching its highest level since February 15 on…
Despite a decline in early Friday trade, oil prices were still expected to end the week up about 2% as a rebound in factory activity in China outweighed mounting worries about accumulating U.S. crude supplies and prospective European rate hikes. The price of Brent crude futures decreased by 39 cents, or 0.5%, to $84.36 a…
India, the third-largest energy user in the world, saw a 6% year-over-year decline in natural gas consumption in 2022 as a result of high costs, according to the International Energy Agency (IEA). According to data from the Petroleum Planning and Analysis Cell (PPAC), India used 60,523 million standard cubic meters of natural gas in the…
On Wednesday, oil prices increased for a second day as expectations for global fuel consumption were raised by news of rising manufacturing activity in China, the largest consumer of crude. May Brent crude oil was up 24 cents, or 0.3%, to 83.69 per barrel. The April contract reached its expiration on Tuesday at $83.89, up…
Monday’s solid U.S. economic statistics fueled concerns that the Federal Reserve will continue raising interest rates to control inflation, but gold prices were flat and remained close to a two-month low. Gold’s spot price remained at $1,810.48 per ounce. At $1,817.40, U.S. gold futures were unchanged. On Monday, gold prices fluctuated between flat and up….
