Page 91 - Ommodities News Today

The world’s largest bakery manufacturer recently held its first Global Sustainability Summit at its head office in Mexico to review best practices, measure the progress of its Sustainability Strategy and devise plans for cooperative initiatives.

Gold gathered bullish momentum and gained more than 2.5% this week as the US Dollar (USD) declined alongside the US Treasury bond yields.

Gold price (XAU/USD) consolidates its recent losses during the early Asian session on Thursday.

According to Geojit, The area under rabi crops in Maharashtra has risen nearly 10% on year to 1.48 mln ha in the current season as of Monday from 1.35 mln ha a year ago, according to data published by the state agriculture department.

Gold price (XAU/USD) attracts some dip-buying during the Asian session on Thursday and for now, seems to have stalled its retracement slide from over a one-week high, around the $1,975-1.976 area touched the previous day.

Good Morning! The Markets see a corrective movement after the sharp volatility that seeped in after the US CPI data released earlier this week.

CME Group’s flash data for natural gas futures markets noted traders scaled back their open interest positions for the first time since October 31 on Wednesday, now by around 4.6K contracts.

Open interest in gold futures markets reversed two consecutive daily builds and shrank by around 2.2K contracts on Wednesday, according to preliminary readings from CME Group.

Here is what you need to know on Thursday, November 16: Following the sharp decline seen on Tuesday after soft US inflation data, the US Dollar (USD) Index recovered modestly on Wednesday and managed to stretch higher early Thursday.

Gold price is seeing renewed demand early Thursday, trading back above $1,960 amid a fresh selling in the US Treasury bond yields.