Page 66 - Ommodities News Today

Gold (XAU/USD) has opened the week on a mildly positive tone, favoured by a moderate pullback on the US Dollar (USD) and the depressed US bond yields, which remain stuck at mid-term lows.

According to Geojit, Food Corp of India has sold 4.81 mln tn of wheat and 119,000 tn of rice under the Open Market Sales Scheme through 25 eauctions so far since Aug 28, according to an official release.

Natural Gas (XNG/USD) is jumping higher for a fourth straight day in a row. Main driver this Monday is news from the Red Sea where a Norwegian vessel got hit by missiles fired by Houthi Rebels claiming the vessel carried cargo with destination

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According to a Metinvest official, Ukraine is currently seeking ways to increase steel industry exports to boost revenues into the country’s coffers.

According to Geojit, Farmers in Telangana have sown rabi crops over 797,479 acres as of Wednesday, up 3.6% from 769,348 acres a year ago, according to data from the state government.

RBI’s 7-day VRR auction for Rs 1 lakh crore, Advance tax deadline in Top News on December 15: DOMS IPO to close, Share market, Bank Nifty outlook, Q2 Results, petrol price today also in focus.

Gold price is fluctuating between gains and losses while trading in a tight band above the $1,930 level early Friday, as buyers pause to digest this week’s positive developments heading toward the pre-Christmas lull next week.

Gold price keeps consolidating with the US Dollar depressed following the Fed’s dovish turn.

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