Crude oil continued its rally for the second consecutive week. It gained more than 8%, the biggest weekly gain since 6 February 2023. Oil price sparked sharply supported by lower U.S. crude stockpiles and a halt to exports from Iraq’s Kurdistan region. Oil prices rebounded from the weekly low after
Copper prices struggled for direction last week. Prices traded in between small gains and losses amid easing worries about banking stresses and falling inventories. However, economic uncertainty has kept upside momentum. Top metals consumer China Purchasing managers’ index data, released on Friday, showed that Chinese service sector activity grew at its
Gold prices sparked for the third consecutive day yesterday. Prices jumped by 0.64%, and settled above 59300. Fed rate policy speculation, falling dollar and jitters of a potential banking crisis put the yellow metal on course for a sharp rise this month. Gold prices shot up through March as fears
Yellow and White metals extended their recent gain for the third consecutive day yesterday. Gold and silver sparked to the day’s high as the dollar slipped to a 1-week low against the euro. Greenback weakened as German inflation data helped lift the common currency and as concerns over the banking
The Indian rupee remained strong against the U.S. dollar last week. Major Asian currencies found support as the U.S. dollar continued trading weak. It falls after the Fed recent policy and on receding fears about the U.S. banking sector. Greenback weakened near its seven week low as traders contemplated the Federal
Bullion posted a slight gain yesterday, as returning confidence in the global banking sector weakened demand for this safe haven. MCX GOLD was up by 0.88% and settled at 59042. Comex Gold rose by 0.79%, and traded at $1973.30. Silver futures rose by 0.87% and settled at 70584. Comex Silver
Crude oil witnessed more than 4% gain yesterday. It made a day’ high of 5999 and settled at 5978. As disruption of half a million barrels a day of Kurdish supply, nuclear war talk by Russia’s Vladimir Putin and assurances about the crisis-hit U.S. banking sector helped boost risk-on appetite
Will Aluminium pause its recent fall? Aluminum prices were able to recover by 1.85% yesterday. Prices found support as authorities’ efforts to rein in worries over the global banking system helped calm investor nerves. And after the Euro and Pound gained slightly. The greenback had a neutral to slightly negative
How Japan CPI and US Consumer Confidence will impact market?? Yesterday, bullion gave up some gains after dollar rose to a two-day high against the Japanese yen. As authorities’ efforts to rein in worries over the global banking system helped calm investor nerves. Further, assurances over the crisis-struck U.S. banking
Jitters about the banking crisis in the United States has sent the GOLD prices to a time high last week. Gold prices rose above 60K as after, dollar headed for its longest losing streak in 2-1/2 years after the U.S. Federal Reserve sounded close to calling time on interest rate
