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Citi expects Brent to plunge to low $70s next year
Chief executive officers of Shell Plc, TotalEnergies SE and Occidental Petroleum Corp., among others, will later Monday discuss plans for the energy transition. UAE Energy Minister Suhail Al Mazrouei and OPEC Secretary-General Haitham al-Ghais are also scheduled to speak.
Oversold gold may slide further on elevated yields, firmer dollar
High US yields and a strong Dollar continue to act as headwinds against the metal as investors see the US Federal Reserve sticking to its high rate regime for a duration longer than previously expected.
Gold prices fall to six-month low. What’s bothering traders?
Gold had a firm start this year by gaining more than 13 percent in the first five-month period. Since then, it has consolidated in a tight range, and last week, it came out of the stiff support zone of $1880 an ounce.
Oil falls as macroeconomic concerns dampen price rally
Front-month Brent November futures were down 14 cents, or 0.15%, at $95.24 per barrel at 1442 GMT ahead of the contract's expiry later in the day. The more liquid Brent December contract was down 72 cents, or 0.77%, at $92.38 per barrel
Gold declines Rs 250; silver rallies Rs 1,200
Delhi spot gold prices fell to their lowest level since March 19, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.
Gold Rate Today: MCX Gold slide continues as yellow metal falls by Rs 2,100. Should you book profits?
The MCX December gold futures were trading up by Rs 7 or 0.01% from the Thursday closing price at Rs 57,853 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,285 per kg, higher by Rs 685 or 0.97%.
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Gold set for worst month in seven as traders bet on higher US rates
The Democratic-led U.S. Senate forged ahead on Thursday with a bipartisan stopgap funding bill aimed at averting a fourth partial government shutdown in a decade, while the House prepared to vote on partisan Republican spending bills with no chance of becoming law.
Oil prices fall as Russia, Saudi Arabia expected to boost supply
Oil prices had eased about 1% on Thursday, as traders took profits after prices soared to 10-month highs, and some worried that high interest rates may weigh on oil demand.
Oil climbs 3% as steep US crude stocks draw adds to supply concerns
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.
Gold Rate Today: MCX Gold falls by over Rs 1,700, silver tanks Rs 5,133 in September. Should you buy or sell?
The MCX December gold futures were trading down by Rs 91 or 0.16% from the Wednesday closing price at Rs 58,192 per 10 gram on the MCX while the December Silver futures were trading at Rs 70,671 per kg, higher by Rs 122 or 0.17%.
Gold hovers near six-month low as dollar, yields weigh
Orders for long-lasting U.S. manufactured goods rose in August, as an increase in machinery and other products offset a drop in civilian aircraft, and business spending on equipment appeared to regain momentum after faltering early in the third quarter.
Oil rises on US crude draws, tight global supply
Stockpiles at Cushing have been falling closer to historic low levels due to strong refining and export demand, prompting concerns about quality of the remaining oil at the hub and whether it will fall below minimum operating levels.
Oil jumps 3% as steep US crude stockdraw adds to supply concerns
Brent crude futures breached $97 a barrel, and was trading up $2.55 to $96.51 a barrel by 11:40 a.m. ET (1540 GMT). U.S. West Texas Intermediate crude futures (WTI) climbed $3.16 to $93.54. Both benchmarks touched their highest in intraday trading for this year.
Gold declines Rs 300, silver plunges Rs 400
In the global markets, gold and silver were quoting lower at USD 1,897 per ounce and USD 22.80 per ounce, respectively.
Gold Rate Today: 2 month lows for MCX gold, silver down by Rs 3,900 per kg. What should traders do?
The MCX October gold futures were trading down by Rs 182 or 0.31% from the Tuesday closing price at Rs 58,250 per 10 gram on the MCX while the December Silver futures were trading at Rs 71,110 per kg, lower by Rs 667 or 0.93%.
Gold lingers near 1-month low as US dollar keeps momentum
The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.
