Gold subdued as investors await FOMC minutes

Gold prices eased on Wednesday to hover around the $ 1,500 level as investors turned cautious ahead of minutes from the US Federal Reserve’s last meeting, which is expected to shed more light on interest rate cuts. Spot gold was down 0.5 per cent at $ 1,499.18 per ounce by 0948 GMT, with analysts also […]

Gold Slightly Lower, US Dollar Off Three Week High

COMEX Gold eased a little after modest gains in last session as worries over Indian demand and profit selling pressure after recent surge weighed on the sentiments. European stocks edged up on hopes of more monetary and fiscal stimulus. However, traders are waiting for the Federal Reserves annual Jackson Hole symposium later this week. The […]

Brent oil prices rise above $60, buoyed by US stock drawdown

LONDON, Aug 21 (Reuters) – Brent crude oil futures rose above $ 60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession capped gains. Brent crude had gained 26 cents, or 0.43 per cent, to $ 60.29 a barrel by 0900 […]

Crude oil futures gain on firm global cues

New Delhi: Crude oil futures rose by Rs 29 to Rs 4,050 per barrel on Wednesday as speculators raised bets amid a firm trend overseas. On the Multi Commodity Exchange, crude oil for delivery in September was up by Rs 29, or 0.72 per cent, at Rs 4,050 per barrel with a business turnover of […]

WTI Oil Holds Above $56 Per Barrel Ahead Of EIA Weekly Data

WTI Crude oil futures edged up near one week high today as buying remained in place. Oil rose yesterday after the American Petroleum Institute (API) reported that US crude inventories saw a drop of 3.5 million-barrel, falling for the first time in three weeks, according to media reports. Rising risk appetite this week pushed up […]

Palm falls as ringgit strength offsets support from other oils

KUALA LUMPUR: Malaysian palm oil futures edged lower on Wednesday morning, as a stronger ringgit capped the support from gains in other edible oils. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last down 0.6 per cent at 2,163 ringgit ($ 518.58) per tonne. U.S. soyoil futures on […]

Brent oil rises above $60, buoyed by US inventory drawdown

SINGAPORE: Prices for Brent oil rose above $ 60 a barrel for the first time in over a week on Wednesday amid data that showed a larger-than-expected drawdown in US crude inventories, but ongoing worries about a global economic recession capped gains. Brent crude had risen 13 cents, or 0.2 per cent, to $ 60.16 […]

Buy gold ‘at any level,’ says Mark Mobius as central bankers ease

By Ranjeetha Pakiam and Haslinda Amin Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying that accumulating bullion will reap rewards over the long term as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. “Gold’s long-term prospect is up, up […]

Spot Market Update: Chana Gains On Decent Buying

Chana saw some buying today after easing near Rs 4400 per quintal in Delhi. Overall undertone in wholesale pulses markets is supportive and Chana can see some buying this week. Chana arrivals came in at 20 trucks in Delhi today after rising to 35 trucks yesterday. Last week, the supplies averaged around 15-20 trucks per […]