Page 47 - Ommodities News Today

Gold price is attempting a bounce in Asian trading early Thursday, having found fresh demand again near the $2,020 region.

Gold prices rose in India on Thursday, according to data from India's Multi Commodity Exchange (MCX).

West Texas Intermediate (WTI) price trades higher near $72.50 per barrel during the Asian session on Wednesday, extending its gains for the second consecutive session.

According to Geojit, The National Commodity and Derivatives Exchange Ltd has cut the additional surveillance margin on all jeera contracts by 2% effective from today, the exchange said in a circular.

US inflation data is expected to show a mild pick-up in December, which, coupled with the strong non-farm payrolls data, gives the US Fed more headroom to keep rates higher for longer

Gold price is replicating the recovery move seen in Tuesday’s Asian trading early Wednesday, as broad risk-aversion underpins the traditional safe-haven.

Gold price (XAU/USD) met with some supply following an uptick to the $2,040 area on Tuesday and finally settled with only modest gains on Tuesday.

Silver (XAG/USD) drifts lower for the third successive day on Wednesday and drops to a fresh weekly low, around the $22.80 region during the early European session.

Here is what you need to know on Wednesday, January 10: The US Dollar (USD) gathered strength against its rivals on Tuesday as markets turned cautious ahead of Thursday's highly anticipated inflation data.

Oil prices are shooting higher in a delayed reaction from traders on a few bullish elements to take into account this Wednesday. The overnight publication from the American Petroleum Institute (API) revealed a massive draw down of 5.2 million