Page 67 - Ommodities News Today

Heres what could happen next to crude oil prices.

Here is what you need to know on Friday, December 15: The US Dollar (USD) suffered heavy losses against its major rivals for the second consecutive day on Thursday.

Gold price (XAU/USD) struggles to capitalize on its gains registered over the past two days and oscillates in a narrow trading band below the $2,040 level during the Asian session on Thursday.

The rally was sparked by market expectations of a rate cut by the US Federal Reserve

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

According to Geojit, The National Commodity and Derivatives Exchange is set to launch a mini futures contract for jeera next week, said Kapil Dev, chief business officer of the exchange.

The US central bank highlighted slowing growth and easing inflation as reasons for the shift in narrative

Gold price is consolidating its latest uptick to a six-day high near $1,940, as investors reassess the bets of the US Federal Reserve (Fed) interest rate cuts next year.

Gold price (XAU/USD) builds on the previous day's solid recovery from the vicinity of the 50-day Simple Moving Average (SMA), around the $1,973 area, or over a three-week low and gains positive traction for the second successive day on Thursday.

Benchmark crude prices have tumbled sharply since the start of October, despite the Israel-Hamas war breaking out in the Middle East.