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 gold was unchanged on October 28 in the international markets, but it was on track to post gains for a second straight week as dismal U.S. economic data fueled hopes that the Federal Reserve could slow its aggressive pace of raising interest rates starting in December. The price of spot gold was…
As the dollar and U.S. bond yields fell on Wednesday, gold prices increased to a two-week high on speculation that the Federal Reserve might tone down its hawkish policy of rate hikes from December. After reaching its highest level since October 13, spot gold increased by 1% to $1,669.22 per ounce. At $1,673.80, U.S. gold…
The World Bank predicted on Wednesday that after this year’s 60% increase in response to Russia’s invasion of Ukraine, energy prices will fall 11% in 2023. However, slower global development and Covid limits in China could cause a deeper fall. In its most recent Commodity Markets Outlook, the bank predicted that the price of Brent…
Hindustan Zinc Ltd. (HZL), which is owned by Vedanta, posted a consolidated net profit of Rs. 2,680 crores, up roughly 33% yoy. On account of increasing volumes of refined metal and silver, advantages from strategic hedging, higher zinc prices, and favorable exchange rates, operating revenue increased by Percent yoy to 8,336 crores. The CEO of…
Considering that this asset class offers considerable diversification from conventional equities and debt investments, the custom of purchasing gold for Diwali appears to have been carefully considered. Gold is a haven in unstable economic times. Along with being a hedge against inflation, it can also provide some protection against rupee devaluation, which is particularly important…
Oil prices decreased on Wednesday as reports from the industry revealed that U.S. oil stockpiles increased more than anticipated, but losses were restrained by supply concerns. After closing 26 cents higher the day before, December Brent crude futures were down 72 cents, or 0.8%, at $92.80 a barrel. West Texas Intermediate (WTI) crude for the…
On Friday, the market began to weigh fears about high inflation as optimism about a potential increase in energy consumption in China faded. The price of Brent crude futures had dropped by 5 cents to $92.33 per barrel. The price of U.S. West Texas Intermediate futures increased by 7 cents to $84.58 per barrel. “With several…
Early on Wednesday in Asian trading, oil prices increased, reversing losses from the previous session, as worries about restricted supply due to news of falling US stocks outweighed concerns about declining demand from top oil importer China. Brent crude futures were up 73 cents, or 0.8%, at $90.76 per barrel. U.S. West Texas Intermediate crude…
As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
As players avoided making significant changes ahead of a crucial U.S. inflation number that might affect the magnitude of the Federal Reserve’s next interest rate hike, gold prices were stable on Thursday in foreign markets. Spot gold was unchanged at $1,672.79 per ounce. At $1,679.80, U.S. gold futures were up 0.1%. On the Multi-Commodity Exchange…
