Page 37 - Ommodities News Today

Australian miner BHP Group redirected Asian shipments to Europe, avoiding the Red Sea. It follows similar moves by Qatar Energy, Shell, and BP.

According to Geojit, The area under rabi crops in Gujarat was at 4.59 mln ha in the current season as of Monday, up 3% from 4.46 mln ha last year, according to data from the state agriculture department.

Analysts say Signs of sticky US inflation and continued labour market strength capped gains for precious metals

Gold price (XAU/USD) meets with a fresh supply during the Asian session on Wednesday and erodes a part of the overnight modest gains back closer to the $2,040-2,042 supply zone.

Here is what you need to know on Wednesday, January 24: Following Tuesday's choppy action, financial markets remain relatively quiet early Wednesday.

Gold price (XAU/USD) comes under some renewed selling pressure on Wednesday, albeit lacks follow-through and remains confined in a multi-day-old trading range through the early European session.

Oil prices are under pressure again this Wednesday, despite the small uptick near $75 earlier, proving that the current Oil production cuts from OPEC+ are simply not enough. Especially when Russia, who would take the biggest share of  supply cuts,

According to Geojit, Indias production of horticulture crops in 2022-23 (Jul-Jun) is estimated to reach a new record high of 355.25 mln tn, according to the governments third advance estimate.

Gold price (XAU/USD) clings to the range-bound theme during the early Asian session on Tuesday.

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Tuesday and recovers a major part of the overnight modest losses.