Page 78 - Ommodities News Today

Gold Shines as the Economic Outlook Darkens :: The Market Oracle ::

It is becoming impossible to ignore how seemingly isolated foreign wars create disruptions that ripple through the global economy.

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and reverses a major part of the previous day's losses.

Silver (XAG/USD) retreats from the vicinity of mid-$25.00s, or a near seven-month peak touched this Friday and refreshes daily low during the early part of the European session.

Flair Writing shares listing in Top News on December 1: TCS’ Rs 17,000-crore share buyback, GNFC’s buyback offer, stock market, Bank Nifty outlook, visa free entry for Indians to Malaysia in focus.

According to Geojit, Farmers in Telangana have sown rabi crops over 485,803 acres as of Wednesday, down 7% from 521,819 acres a year ago, according to data from the state government.

Gold price is back in the green early Friday, snapping a corrective decline from six-month highs of $2,052 seen Thursday.

Oil prices are not having their best performance when looking back to November up until Thursday. OPEC+ has failed to cement a price floor and saw its image dented with split division on sharing

Open interest in gold futures markets dropped by nearly 8.7K contracts after two consecutive daily builds on Thursday, according to preliminary readings from CME Group.

According to Geojit, The area under rabi crops in Gujarat fell 19.7% on year to 2 mln ha in the current season as of Tuesday, according to the state agriculture department.