Oil prices flat at 78/bbl as Middle East conflict counters ample supply outlook
The Economic Times » Commodities
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2d ago
Bearish bets on oil have found some room to unwind this week amid mounting concerns over potential supply disruptions in the Middle East, along with optimism that China's recent economic stimulus efforts may offer some uplift in demand, IG market strategist Yeap Jun Rong said ..read more
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Gold Price Today: Gold prices open at Rs 76,357/10 gm, trades flat in one week. Silver up by Rs 500/kg
The Economic Times » Commodities
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3d ago
Gold and silver December futures showed minor gains at MCX, with gold at Rs 76,357 per 10 grams and silver at Rs 93,130/kg. Market movements were influenced by geopolitical tensions in the Middle East, rising crude prices, and upcoming U.S. job data. Analysts suggest buying on dips, with set support and resistance levels ..read more
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Gold holds steady as traders wait for US payroll data
The Economic Times » Commodities
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3d ago
Gold prices remain flat but slightly lower for the week as market attention turns to a crucial U.S. payrolls report. Expectations for a Federal Reserve interest rate cut have grown, with recent data suggesting a possible reduction. Meanwhile, geopolitical tensions in Lebanon continue to escalate ..read more
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Oil edges up on Middle East conflict but supply outlook limits gains
The Economic Times » Commodities
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3d ago
Oil prices rose marginally on Friday amid the Middle East conflict, with Brent crude reaching $77.71 and WTI at $73.79, both showing weekly gains of about 8%. Speculation around supply disruptions and investor actions influenced the rise, despite amply-supplied global markets and Libya's resolved oilfield disputes ..read more
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Oil jumps about 2% on Middle East supply fears
The Economic Times » Commodities
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3d ago
Oil prices rose on Thursday on investor concern that a widening Middle East conflict could disrupt crude oil flows from the region, though a stronger global supply outlook kept a lid on gains ..read more
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Gold, silver rebound on strong festive demand
The Economic Times » Commodities
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3d ago
Gold and Silver prices rebounded on Thursday due to fresh demand from stockists and retail consumers for the ongoing festival. The precious metal rose Rs 200 to revisit the all-time high level of Rs 78,300 per 10 grams, according to the All India Sarafa Association ..read more
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Gold Price Today: Gold prices edge up this week, gain Rs 400/10 gm
The Economic Times » Commodities
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4d ago
Gold December futures opened flat at Rs 76,120 per 10 gram, while silver December futures were trading at Rs 91,825/kg. Gold and silver prices surged this week. Gold showed high volatility due to Middle-Eastern tensions and strong dollar index. Silver inched closer to $32 per troy ounce amid European inflation decline and Chinese equity gains ..read more
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Gold holds steady amid Middle East turmoil, eyeing US economic data
The Economic Times » Commodities
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4d ago
Gold prices remained steady as traders watched the Middle East conflict and awaited U.S. economic data. The recent interest rate cut by the U.S. central bank is notable. Investors are also looking forward to upcoming ISM services data, initial jobless claims, and U.S. nonfarm payroll data. Meanwhile, Perth Mint's gold sales surged in September ..read more
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Oil rises as Middle East conflict deepens, gains capped by global supply outlook
The Economic Times » Commodities
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4d ago
Oil prices rose modestly amid Middle East conflict fears, driven by Israel's strikes on Beirut and Iran's missile attacks on Israel. Although U.S. crude stockpiles unexpectedly increased, indicating ample supply, concerns over potential disruptions persist. Experts suggest OPEC's spare capacity could offset supply issues if regional tensions escalate ..read more
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NBFCs gave out most loans against gold in Q1
The Economic Times » Commodities
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4d ago
Total gold loans sanctioned by non-banking financial companies (NBFCs) increased 26% year-on-year to ₹79,218 crore in the first quarter of the current fiscal even as sanctions for personal loans fell by 4%, indicating the impact of higher risk weights for unsecured loans by the Reserve Bank of India ..read more
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