Page 52 - Ommodities News Today

Analysts say the focus today will be on the US non-farm payroll and unemployment rate, which could provide clarity on overall strength in the labour market and the Fed’s path ahead

With Canada’s oil industry expecting the start of pipeline fills in the 590,000 b/d TMX lines between March and May, the price of Canada’s benchmark WCS is expected to strengthen to a $13-15 per barrel discount to WTI again.

After posting three consecutive weekly gains to end 2023, Gold started the new year on the back foot and lost nearly 1% before erasing its weekly losses late Friday.

West Texas Intermediate (WTI) price trades higher near $73.00 per barrel during the Asian session on Thursday.

Gold price (XAU/USD) dived to a one-and-half-week low on Wednesday in the wake of rising US Treasury bond yields and a stronger US Dollar.

According to Geojit, The area under rabi crops in Gujarat was at 4.46 mln ha in the current season as of Monday, up 1.9% from last year, according to data from the state agriculture department.

Here is what you need to know on Thursday, January 4: The US Dollar (USD) managed to build on Tuesday's gains despite mixed macroeconomic data releases on Wednesday and the USD Index closed in positive territory.

Analysts say that bets for a rate cut in March dropped from 75% to 65% last week, supporting an up-move in the dollar index and US yields

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

OK – now the minutes are out! And they appear to be quite clear.