Gold rate today fall as profit booking continues; silver jumps

NEW DELHI: Gold traded lower on Wednesday on further profit booking as investors preferred to take out cash while coronavirus cases continued to rise in India. With businesses shut in several cities in India amid rising threat of coronavirus, investors are wary of betting on any asset class. The number of active cases were at […]

Crude oil futures rise 2.91% on positive overseas cues

New Delhi: Crude oil prices on Tuesday rose Rs 47 to Rs 1,663 per barrel as participants widened their positions in line with a positive trend overseas. On the Multi Commodity Exchange, crude oil for delivery in April traded higher by Rs 47, or 2.91 per cent, to Rs 1,663 per barrel in 48,048 lots. […]

Base metals: Nickel, copper futures gain on spot demand

New Delhi: Nickel prices on Tuesday gained 0.47 per cent to Rs 861.50 per kg in futures trade as speculators built positions on rising demand from alloy-makers at spot market. On the Multi Commodity Exchange, nickel contracts for March delivery gained Rs 4, or 0.47 per cent, to Rs 861.50 per kg in a business […]

Oil rises after 18-year lows prompt US-Russia talks plan

LONDON: Oil prices firmed on Tuesday after US President Donald Trump and Russian President Vladimir Putin agreed to talks aimed at stabilising energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide. Brent crude was up by 61 cents, or 2.7 per cent, at $ 23.37 a barrel […]

View: Welcome to a truly free oil market

By Julian LeeAt the point we’re now at, postponing the oil-price war won’t make a lot of difference for an industry that’s already breaking down under the weight of demand destruction. With prices hitting a 17-year low on Monday, it’s too late to use diplomacy and artful negotiations to share the burden of output cuts […]