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Commodity Radar: Copper slips on China concerns but expert suggests taking long positions. Here’s why
Copper prices slipped on Tuesday amid weak Chinese manufacturing data and a stronger dollar, with MCX copper trading near Rs 1,004. However, Religare Broking’s Ajit Mishra suggests taking long positions, citing persistent supply concerns, improving European demand, and bullish technical indicators supporting an upside toward Rs 1,040.
Gold, silver decline as strong dollar, easing US-China tensions temper safe-haven demand
Gold and silver prices declined in domestic futures trade on Tuesday as a firm dollar and easing trade tensions between the US and China dampened the precious metal's safe-haven appeal.
Oil steadies as market digests OPEC+ output plans
Oil prices saw little change as OPEC+ decided to pause output hikes in the first quarter, despite ongoing concerns about a potential supply glut. Major energy producers and the U.S. Department of Energy challenged forecasts of an oversupply next year, while Russia's lobbying influenced OPEC+'s decision due to Western sanctions. Investors anticipate U.S. inventory data for further market direction.
Gold holds under $4,000 on dollar resilience, Fed rate-cut outlook
Gold prices dipped below $4,000 per ounce as a strong dollar and reduced expectations of a December U.S. interest rate cut weighed on demand. Easing U.S.-China trade tensions also contributed to the decline, while China's removal of gold tax exemptions could impact its market.
Gold buying by central banks up 10% in Q3
Investments in digital gold such as ETFs and similar products rose to 221 tonnes, up 134% on year, says WGC Report.
Gold Price Today: Yellow metal near 3-week low, down Rs 11K from peak. Is this just a dip or start of a bigger slide?
Gold traded near a 3-week low on Monday at ₹1,21,284 per 10g, about ₹11,000 below its October peak, as a stronger dollar and reduced Fed rate cut hopes weighed on prices. Silver, meanwhile, gained 0.7% to ₹1,49,374/kg.
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Oil extends gains after OPEC+ pauses Q1 output hikes
The group agreed to a modest output increase for December, but will pause further increments in the subsequent months. Analysts remain cautious due to supply uncertainties and anticipated demand softness.
Gold falls on stronger dollar as investors trim rate-cut bets
Gold prices declined on Monday, influenced by a stronger dollar and reduced expectations for Federal Reserve rate cuts following hawkish remarks from Chair Jerome Powell. Easing U.S.-China trade tensions also contributed to the downward pressure on bullion, which has seen a significant year-to-date gain but a recent pullback.
Gold & renewable loans jump; NBFC, housing credit loses steam: RBI
Gold loans and renewable energy sector financing have surged, more than doubling to Rs 3.16 lakh crore and Rs 14,842 crore respectively. This contrasts with decelerated growth in bank credit to NBFCs and HFCs, which saw modest increases of 3.9% and 0.2% respectively. Consumer durable and personal loans also experienced slower growth.
Gold under pressure as Fed signals spark volatility. Should traders be concerned?
Gold prices slipped ₹305 to ₹1,21,203 per 10 grams on Friday after recent gains, as traders reassessed hopes for a December Fed rate cut following Powell’s hawkish comments. Silver also declined ₹787 to ₹1,48,053 per kg. Globally, gold remained on track for a third straight monthly rise, supported by bargain buying and rate-cut expectations.
Gold rises on bargain hunting and US rate cut, set for monthly gain
Gold prices climbed Friday, nearing a third consecutive monthly gain, driven by bargain hunting and a Federal Reserve rate cut. Investors are processing a tentative U.S.-China trade deal, while global gold demand reached a record high in the third quarter. The dollar's strength, however, is limiting bullion's advance.
Oil heads for third monthly decline as strong dollar, ample supply weigh
Oil prices are falling for the third month. A stronger US dollar is impacting commodity gains. Increased supply from major producers is also a factor. Western sanctions on Russian oil exports are being offset. OPEC+ is considering a modest output boost. Saudi Arabia's crude exports are at a six-month high. US production is at a record level.
Gold loses shine as Fed dampens 2025 rate-cut hopes; prices tumble Rs 1,700 per 10 gm
Gold prices retreated on Thursday after the U.S. Federal Reserve signaled caution on further rate cuts in 2025. MCX December gold futures dropped Rs 1,671 to Rs 1,18,995 per 10 grams, while silver fell 1% to Rs 1,44,637/kg. Fed Chair Powell’s hawkish tone and the upcoming U.S.–China trade talks kept traders braced for continued volatility.
Gold ticks up on dollar retreat, Fed rate cut
Gold prices saw a rise on Thursday. This was due to a weaker dollar and a quarter percentage point rate cut by the U.S. Federal Reserve. Investors are watching for a meeting between U.S. President Trump and Chinese leader Xi Jinping. Other precious metals like silver, platinum, and palladium also gained. Economic data from Europe is also expected today.
Oil prices little changed as markets eye US-China trade talks
Oil prices are steady as traders await crucial U.S.-China trade talks. Hopes are high for a de-escalation of trade tensions that have impacted global growth. Investors are also watching for signals from the U.S. Federal Reserve's recent interest rate cut. A significant drop in U.S. crude inventories also supports the market.
Gold tumbles Rs 12,700/10 gm from peak. Big crash coming or golden opportunity?
Gold prices have dropped about Rs 12,700, or 9.6%, from their record high of ₹1,32,294 per 10 grams on MCX, now trading near ₹1,19,605. The sharp correction has left investors debating whether it signals a deeper slump or a fresh buying opportunity.