Page 53 - Ommodities News Today

Silver (XAG/USD) struggles to gain any meaningful traction on Thursday and oscillates in a narrow trading band around the $23.00 round-figure mark through the first half of the European session.

Saudi Arabia’s sovereign investor Public Investment Fund (PIF) has struck a bet for minority stake in a paper manufacturing and recycling company, headlining its commitment ......

Following the steep drop seen in the previous session, the price of gold showed a modest move back to the upside during trading on Thursday. Gold for February delivery rose $7.

Gold price (XAU/USD) retreated over $20 intraday and finally settled in the red for the third successive day on Tuesday, albeit lacking follow-through selling.

Gold price is attempting a bounce above $2,060 early Wednesday, replicating the move seen in Asia on Tuesday, The US Dollar (USD) is unable to hold its previous uptick even though markets appear risk averse.

Silver (XAG/USD) remains under some selling pressure for the fourth successive day on Wednesday and drops to a near three-week low, below mid-$23.00s during the first half of the European session.

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.

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The possibility of an escalation of tensions in the Red Sea and updates regarding other geopolitical tensions supported gold prices

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