Page 68 - Ommodities News Today

Natural Gas (XNG/USD) is continuing its decline despite its brief bounce on the back of the dovish US Federal Reserve (Fed) rate decision. Markets cheered the Fed’s signal of upcoming rate cuts for 2024, and OPEC also helped lift

Gold price is challenging bullish commitments early Wednesday, sitting near the lowest level in three weeks of $1,976.

According to Geojit, Production of crude palm oil in Malaysia fell 7.7% on month to 1.79 mln tn in November, according to preliminary data from the Malaysian Palm Oil Board.

Gold price (XAU/USD) oscillates in a narrow trading band during the Asian session on Wednesday and is currently placed around the $1,980 area, just above a three-week low touched on Monday.

A slight uptick in US core inflation appears to have bolstered US Fed view that interest rates may need to remain on hold for months to come

West Texas Intermediate (WTI) price extends its losses following the US inflation data for November.

Oil prices are trying to avoid another meltdown as WTI crude tries to head back to $70. Bears gained a boost on Tuesday after US Consumer Price Index numbers revealed yet again very sticky inflation.

Here is what you need to know on Wednesday, December 13: The November inflation report from the US failed to help major currencies find direction on Tuesday, with market participants refraining from taking large positions ahead of the Federal Reserve's (Fed) last policy announcements of the year.

The global economy is growing, but at a slow pace. Much of the weakness is attributable to the recessions in China and Europe, he wrote. While Chinas stocks look cheap, its economy is showing a structural weakness and Indian stock prices are touching a record high, he noted

A Perfect Storm for Commodities