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Oil prices up in thin pre-Christmas trade
Oil prices increased on Tuesday, fueled by positive U.S. economic data and growing oil demand in India. Brent crude futures rose to $72.95 a barrel, and U.S. West Texas Intermediate crude futures climbed to $69.53 a barrel. Demand for U.S. manufactured goods and homes strengthened, suggesting robust economic conditions. Rising oil imports by India further supported the market.
Gold steady ahead of holidays; Fed outlook weighs
Gold prices remained steady as investors anticipated fewer interest rate cuts from the Federal Reserve in 2025 amid the approaching Christmas holiday. Despite a benign U.S. inflation reading, markets are pricing in minimal easing next year. Gold's 27% rise this year was driven by central bank purchases, geopolitical tensions, and monetary policy easing.
Oil prices stable on Monday as data offsets surplus concerns
Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors' concerns about a supply surplus next year.
Gold snaps 3-day losing run, climbs Rs 570 to Rs 78,700 per 10 gm
Gold prices recovered Rs 570 to Rs 78,700 per 10 grams in the national capital on Monday amid value buying by stockists and investors following a firm global trend, according to the All India Sarafa Association. The precious metal ended at Rs 78,130 per 10 grams on Friday.
Gold Price Today: Yellow metal prices rise by Rs 900/10 gm in 2 days, silver up by Rs 1,750/kg
Gold February futures opened flat at Rs 76,363, while silver March futures rose 0.62%. Gold and silver prices surged recently, supported by a weaker US dollar and bond yields. Experts suggest buying gold and silver within set support-resistance levels.
Oil prices firm on hopes of US policy support for economic growth
Oil prices saw a slight uptick following positive U.S. inflation data, sparking hopes of relaxed monetary policies and boosted demand. Brent crude edged up to $73.20 a barrel, while WTI reached $69.77. This rebound followed a previous dip due to global economic concerns. Meanwhile, the Druzhba pipeline, supplying oil to parts of Europe, resumed operations after a brief technical disruption.
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Gold prices hold steady in thin trading
Gold prices held steady following Friday's gains driven by a weaker dollar and Treasury yields. Slowing U.S. inflation contributed to the rise. Fed officials hinted at potential rate cuts next year. Demand in India remained subdued due to price volatility.
Why gold remains vulnerable despite a sharp uptick on Friday
The US Dollar Index surged to 108.541, its highest since November 10, 2022, driven by the Fed's hawkish stance and strong US GDP data. It eased to 107.82 on Friday, down 0.55%, but gained 0.82% for the week. Ten-year US yields hit a high of 4.59%, closing at 4.53%, up 3% weekly, while two-year yields peaked at 4.37% before settling at 4.31%, a 2% weekly gain.
Learn with ETMarkets: Understanding base metals and how to trade it
Base metal prices are shaped by global economic trends and industry-specific factors, with China's economic conditions playing a pivotal role. As the largest consumer and producer, China significantly influences global pricing dynamics.
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices saw minimal change on Friday as markets assessed Chinese demand and interest rate cut expectations following cooler U.S. inflation data. Brent crude futures and WTI futures both experienced slight increases, yet ended the week down. A weaker dollar and potential rate cuts could boost demand, while concerns linger over China's peaking oil consumption and OPEC+'s demand outlook revisions.
Gold climbs after soft US inflation data; still set for weekly loss
Gold prices rallied on Friday, boosted by a weaker dollar and falling Treasury yields following U.S. economic data pointing to slowing inflation. However, the Federal Reserve's hawkish interest rate outlook limited gains, keeping gold on track for a weekly loss. Weaker personal consumption expenditure data also contributed to gold's rebound.
Gold Price Today: Yellow metal prices fall by Rs 2,260/10 gm in a week, silver down by Rs 5,600/kg
Gold and silver futures showed weakness, with gold at a one-month low and silver at a three-month low due to hawkish Fed guidance, strong dollar, and better US economic data.
Gold set for weekly drop; market awaits more US data for economic cues
Gold prices were set for a weekly decline as the Federal Reserve signaled a slowdown in interest rate cuts. Investors awaited U.S. PCE inflation data for further economic clues. A stronger-than-expected U.S. GDP growth further reinforced expectations of a cautious approach to future rate cuts, impacting gold's appeal.
Gold Price Today: Yellow metal prices tumble by Rs 700/10 gm after 25 bps US Fed rate cut, silver down by Rs 2,100/kg
Gold and silver prices fell after the US Fed's hawkish 2025 rate cut guidance. February gold futures dropped 1%, and silver futures declined by 2.3%, with key support levels at risk.
Where will Trump and China drive commodities in 2025?: Russell
Donald Trump's return to the presidency and China's economic struggles create uncertainty in 2025 commodity markets. Trump's tariff threats could disrupt global trade, while China's response, including potential supply chain disruptions and currency devaluation, adds to the complexity. Traders are expected to adopt a cautious approach, focusing on actual policies rather than rhetoric.
Oil falls on demand concerns after Fed signals slower easing ahead
Oil prices dipped in early Thursday trading as the U.S. Federal Reserve signaled a slower pace of interest rate cuts in 2025, potentially curbing fuel demand. Brent crude fell to $73.06 a barrel, while U.S. West Texas Intermediate crude dropped to $70.22. This decline reversed some gains from Wednesday, driven by falling U.S.
