Fri, Apr 19, 2024
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
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Mon, Jan 16, 2023
American markets will remain closed today. Retail figures for the month of December will be released in the US this week. GS, Morgan Stanley, P&G, Netflix will also announce their results this week. On Friday, once again good action was seen in the US market. Dow jumped 110 points on the fourth day. Whereas, the NASDAQ gained 0.7%. US markets closed at day's high ahead of the long weekend. The 10-year bond yield held steady below 3.5%. After the results, there was mixed action in leading banks. Gold price touched a 9 month-high.
Fri, Jan 13, 2023
Why the stormy boom in MCX today? By which news MCX jumped by 5%? What is GOOD NEWS for MCX? Know full details from Nupur.
Thu, Jan 12, 2023
SEBI allowed stock exchanges to launch multiple contracts in the same commodity. The move came after the stock exchanges expressed their concerns before SEBI. What is multiple contracts and what will be its impact on the market? To know this, watch Commodities Live.
Tue, Jan 10, 2023
Due to strong domestic cues, the Indian rupee is witnessing strength against the US dollar. The value of US Dollar in Indian Rupee decreased to 82.07 in intraday. The dollar index is at 7-month low. According to experts, the rupee can reach 81.50 to 81.70 in the coming days. What was the reason for the rise in rupee? Know the complete details from Neha Anand.
Copper, aluminium, zinc surged in the commodity market. Metals surged on weak dollar. What is the reason for the rise in metals? Know full details from Neha Anand.
Fri, Jan 06, 2023
The United Nations (UN) has declared 2023 as the International Year of Millets. India is the largest producer of Millets. India is producing 170 lakh tonnes of millets annually. India accounts for 20% of the production of millets in the world. How will the production of millets increase? How beneficial is the cultivation of millets? Watch this commodity special show with Mrituenjay Kumar Jha.
Thu, Jan 05, 2023
US market closed higher despite Fed's harsh commentary. Dow rose 130 points amid trading in a range of 400 points. Whereas, NASDAQ rose 0.7 and the Russell 2000 jumped 1.25%. Bond yield slipped to 3.7%. Tesla's stock jumped 5%. Microsoft was down 5% after UBS downgrade. According to the minutes released by the US Federal Reserve, the high rates will remain at the upper levels for some time. It will take time to bring inflation down to 2%. The Fed will continue to raise rates further and the focus of the Fed will be on the data. There is no possibility of rate cut in 2023. Apart from this, the dollar index crossed 104. Crude oil slipped 5%.
Tue, Jan 03, 2023
Global markets will open today after a long weekend. Singapore's growth figures were released. Singapore's Q4 GDP expanded 2.2% from estimate 2.1%. Germany market rose 1% and France rose around 2%. Today US manufacturing PMI figures will be released. US construction spending data will also be released. Minutes of Fed meeting will be released tomorrow. Apart from this, Tesla's Q4 delivery decreased from the estimate of 4.31 lakh to 4.05 lakh. In 2022, Tesla has delivered a record 1.3 million vehicles. Other commodity exchanges including CBOT, LME, ICE, Shanghai will open today. Apart from this, gold reached at 6 month-high and silver reached at 1 week-high.
Mon, Jan 02, 2023
Why there is sharp fall in MCX? What are the reasons for the fall in MCX? Know full details from Ashish Chaturvedi.
The US market slipped on Friday amid volatility. Dow slipped 75 points amid trading in a 300-point range. Bond yields rose to near 3.9%. The US market had its worst year since 2008. IMF expressed concern for 2023 – 2023 can be difficult for the global economy. Apart from US and Europe, there is a possibility of pressure on growth in China as well. Apart from this, crude oil reached near 1 month-high. Natural gas reached at 11-month low.
Fri, Dec 30, 2022
How commodity performed in 2022? What was the movement of Sugar and Gold? Know from Neha Anand.
US markets closed sharply higher on Thursday. Dow jumped 350 points to close at the day's high. There was a strong rise of 2.6% in NASDAQ. There was a big purchase in IT, consumer, telecom stocks. Shares of Tesla rose 8%, Apple 3%, META 4% and Netflix rose 5%. Europe was up 1%. Apart from this, Goldman Sachs reduced the estimate on crude from $ 20 to $ 90.
Thu, Dec 29, 2022
The US market closed with a decline due to sell-off in tech stocks. Dow fell 365 points to close at the day's low. Nasdaq lost 1.4% due to heavy selling in IT stocks. Many IT stocks hit 1.5-2 year lows. Tesla's stock gained 3.5%. The dollar index crossed 104. Gold fell by 1% and silver slipped below $24. Crude oil slipped below $83. Natural gas declined by 10%.
Wed, Dec 28, 2022
What is the overall outlook for edible oil in the new year? Will the price of edible oil increase or decrease in 2023? How likely is the demand for edible oil to increase in 2023? How will be the oilseed production in 2023? How good will 2023 be for oilseed farmers? Watch this commodity special show with Mrituenjay Kumar Jha.
Dow closed up 40 points amid trading in a range of 300 points. Whereas the NASDAQ fell 1.4% on fears of a sharp fall in demand in China. Russell 2000 closed down 0.7%. Bond yield jumped to near 3.8%. Tesla's stock fell 11%. Apple fell 1.5% to hit 1.5-year low. There was heavy selling in airline stocks. Thousands of flights were cancelled due to the snow storm in America. Commodities traded flat. Brent closed flat near $85.
Tue, Dec 27, 2022
There was a lot of action in the commodity market amid the news of easing covid restrictions in China. Buying was seen in crude, natural gas and metals. Crude oil reached at 3 week-high. Brent has reached near $85. What is the opinion of brokers on crude oil? Know the complete details from Neha Anand.
Mon, Dec 26, 2022
How was the year 2022 for gold? Will gold set a new record in 2023? Will gold go above Rs 70,000? What are the fundamentals of gold? What are opportunities to invest in gold? What is the outlook of jewellers for the gold market? Know the answers to all these questions in Zee Business special show - Naya Saal Kitna Kamaal? With Mrityunjoy Kumar Jha.
There was a rebound in US Market on Friday. Dow closed up 175 points. Consumer sentiment data was better than expected. The Personal Consumption Expenditure index was higher than expected. Bond yield rose above 3.75%. Tesla's stock closed down 2%. Alphabet climbed 1%. Crude got support from Russia's threat to reduce oil production. Brent crude reached near $84.
Fri, Dec 23, 2022
Gold reached above 55,000 this week. This year, gold has surged 14% in the domestic market. Silver reached above 70,000 this week. The stock of silver on Comex declined by 70% in one and a half year. How are the fundamentals of silver? Is the Fed's stance a relief for gold? Is it the right time to buy gold and silver? On the occasion of Christmas, Watch our special show - Santa Picks Commodity Special with Mrituenjay Kumar Jha.
The US market slipped amid heavy volatility. Dow fell 350 points and Nasdaq lost 2%. Japan's core inflation reached a 40-year high. Tesla plunged 9% on fears of a drop in demand. Today personal expenditure data will be monitored. Sales of new homes and Consumer Sentiment Index will also be released. Also Europe's market dropped 1-1.5%. Commodities declined sharply amid a stronger dollar. Crude oi prices fell after 3-day rally. The price of natural gas reached at 2 month-low. Gold slipped by $30 and reached near $1800.
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