Page 58 - Ommodities News Today

Here is what you need to know on Thursday, December 28: The US Dollar (USD) continued to weaken against its rivals mid-week, with the USD Index dropping to its lowest level in five months below 101.00.

Gold price trades higher around its three-week high near $2,088 per troy ounce during the Asian session on Thursday.

Oil prices are dropping near 1% during European trading hours on Thursday. The slide comes on the back of another build in US Stockpile numbers published overnight from the American Petroleum Institute (API). With a build of 1.837 million

A fifth of global oil trade this year was settled in currencies different from the U.S. dollar as countries such as Russia and China move away from the petrodollar

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.30 on Thursday.

According to Geojit, The Solvent Extractors Association of India is set to host three international conferences in the next two months, according to a press release on Monday.

Stocks went UP. Treasuries now yielding 3.8%, Algo’s still betting on ‘multiple rate cuts.

In Thursday's trading session, the Silver price (XAG/USD) trades neutral at about $24.20.

Gold price (XAU/USD) holds above $2,060 during the early Asian session on Wednesday.

West Texas Intermediate (WTI) price trades higher around $75.50 per barrel during the Asian session on Wednesday.