Gold edges above $1,800/oz, propped up by virus woes
2020-07-14T21:28:37+05:30
Spot gold rose 0.2% to $1,805.83 per ounce by 10:42 am EDT (1442 GMT). U.S. gold futures fell 0.2% to $1,810.20.
Silver outperforms gold, gains 30% from March lows; may test Rs 53,000 levels
2020-07-14T19:09:03+05:30
If it sustains above Rs 51,330 per kilogram then it will extend the gains towards Rs 52,100-53,000 per kilogram in the coming days.
Opec sees oil demand soaring in 2021 but still below 2019
2020-07-14T19:08:03+05:30
It was the first report in which OPEC assessed oil markets next year.
Covid-19 pandemic, price momentum likely to support gold investment: WGC
2020-07-14T18:13:57+05:30
The yellow metal had a remarkable performance in the first half of 2020, increasing by 16.8 per cent in US-dollar terms and significantly outperforming all other major asset classes.
Gold prices ease on firm dollar, but hold near $1,800 on virus fears
2020-07-14T16:18:37+05:30
US gold futures fell 0.8 per cent to $1,799.60.
Crude oil prices dip on demand fears as Opec+ considers output increase
2020-07-14T14:57:22+05:30
US West Texas Intermediate (WTI) crude futures slid 53 cents to $39.57.
Commodity outlook: Crude oil slumps; here's how others may fare
2020-07-14T11:55:56+05:30
Here is how SMC Global expects commodities to fare today:
Gold rate slips to below Rs 49,000-mark on profit booking
2020-07-14T09:34:24+05:30
Gold prices jumped Rs 120 to Rs 49,960 per 10 gram in the national capital on Monday following gains in global prices, according to HDFC Securities. Silver also rose by Rs 858 to Rs 53,320 per kg.
Palm oil extends gains as ringgit weakens, Dalian oils rise
2020-07-14T09:10:09+05:30
European Union palm oil imports over July 1-12, the first two weeks of the 2020/21 season, were 137,800 tonnes, down 19% from the previous season, official EU data showed on Monday.
Gold eases below $1,800 as dollar firms, virus fears limit losses
2020-07-14T08:53:39+05:30
​​"We are seeing pressure on risk assets given the sentiment and concerns, particularly about China and U.S. relations. We would have expected gold to find more support than currently is," said Michael McCarthy, chief strategist at CMC Markets.
Oil prices drop on demand recovery fears amid US virus surge
2020-07-14T08:02:02+05:30
Analysts estimate U.S. gasoline stockpiles fell by 900,000 barrels and crude oil inventories fell by 2.3 million barrels in the week to July 10, a preliminary Reuters poll showed.
OPEC chief sees oil market moving closer to balance before key meeting
2020-07-13T20:29:00+05:30
After July, the cuts are due to taper to 7.7 million bpd until December although a final decision has yet to be taken. A panel called the Joint Ministerial Monitoring Committee (JMMC) meets on Wednesday to recommend the next level of cuts.
Oil prices may again fall into negative territory if Iraq doesn’t comply with OPEC+ deal
2020-07-13T15:52:14+05:30
Iraq is OPEC's second-biggest crude producer and more than 90 per cent of the state budget, which reached $112 billion in 2019, is derived from oil revenues.
Oil steady despite surge in COVID-19 infections
2020-07-13T14:55:52+05:30
U.S. West Texas Intermediate (WTI) crude rose 4 cents, or 0.1%, to $40.59.
Gold prices gain above $1,800/oz as infection cases mount
2020-07-13T13:51:01+05:30
U.S. gold futures were up 0.4% at $1,809.40 per ounce.
Commodity outlook: Silver gains; here's how others may fare
2020-07-13T10:46:19+05:30
Here is how SMC Global expects commodities to fare today.
Gold rate rises to Rs 49,000 on surging Covid-19 cases
2020-07-13T09:32:07+05:30
Globally, gold prices rose holding ground above the key $1,800/oz level, as a weaker dollar and worries over surging COVID-19 cases around the globe kept the safe-haven metal underpinned.
Palm oil falls on weaker crude, rival soyoil
2020-07-13T09:10:30+05:30
Malaysian palm oil inventories fell 6.3% at end-June from a month earlier, while production jumped 14.2%, according to the Malaysian Palm Oil Board
Oil slips as traders eye supply cut easing at Opec meeting
2020-07-13T08:37:56+05:30
Oil was little changed last week as a resurgence of coronavirus cases prompted several U.S. states to impose tighter travel restrictions that could dampen oil demand recovery at the world's largest consumer.
Gold ticks higher on worries over rising Covid-19 cases
2020-07-13T08:32:31+05:30
Gold is used as a safe investment during times of political and financial uncertainty.

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