Bullion prices are inclined to continue the weak trend in the rest of the week. Positive U.S. manufacturing data boosted the market’s optimism regarding global economic rebound and curbed demand for the Gold. On domestic trading, October gold opened on MCX (Multi Commodity Exchange) at Rs 51,449 per 10 grams, lower than Tuesday’s closing of …
Gold and Silver prices during the global economy rebound Read More »
Gold price in Indian commodity markets boosted for the second session on Monday. Prices of gold and silver gained more than 1.50% in the international market, promoted by a weaker dollar. The U.S. Federal Reserve’s new policy commentary for mote inflation tolerance also supported sentiment for Bullion. Investors were optimistic about the U.S. Federal Reserve’s …
According to the latest news, gold and silver prices increased today in Indian markets after falling in the previous session. On Multi Commodity Exchange, October gold futures rose by 0.3% to 51,071 per 10 gm while October silver futures gained 0.7% and hit 65,673 per kg. In the previous session, gold had dipped 900 per …
Commodity Market News After posting gains in the earlier session, gold and silver costs fell in Indian markets. On Multi Commodity Exchange (MCX), October gold futures decreased by 0.22% to 51,665 per 10 gm, while silver futures dipped 1% to 66,821 per kg. In the earlier session, gold had rebounded after a five-day loss. Gold …
On September 11, gold and silver rates both declined dramatically in Indian markets. On Multi Commodity Exchange, gold futures dipped 0.9% to 51,306 per 10 grams, while silver futures fell 1.5% to 67,970 per kg. In the previous session, gold had boosted 0.7% while silver had climbed 0.52%. In India, gold and silver prices have …
After touching three-year lows in the previous session, crude oil prices saw some gains on Friday’s trading. Brent crude increased by 40 cents or 0.9% to trade at $43.34 a barrel. On Thursday, Brent oil closed with a drop of 1.9%. Oil prices have been hit by a record decline in US economic growth since …
December gold futures are trading at $1971.40 currently. It is a net increase of $16 on the day. Taking in mind the pace at which the yellow metal price is moving up, analysts think that $2,000 per ounce could become a reality shortly. Since March, the yellow metal has gained around $500 in value. Moreover, …
In the early US trading yesterday, gold prices pushed to another nearly nine-year high. The yellow metal is not far below the record highs of 2011 when it scored $1,920.70. August gold futures were up $12 an ounce and traded at $1,877. Several factors are supporting bulls in the precious metals markets. Economic uncertainty creates …
Gold is bullish and it could lead to new record highs Read More »
The price of oil has registered a new increase on Tuesday. The price of crude oil recorded its highest level since the beginning of March, just before the pandemic spread massively in Europe. A barrel of Brent, the benchmark for Europe, stood at around $44.6 per barrel on Tuesday, which is equivalent to 3.19% more …
Oil rebounds to maximums since March, exceeding $40 per barrel Read More »
Saudi Arabia’s energy minister stated that OPEC and its allies are going to restore oil output next month. However, the demand recovers slowly from the COVID-19 crisis, so the impact will be barely felt. Oil production has been curbed for three months as a result of the sink in demand because of the coronavirus pandemic. …
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