Global crude oil prices tumbled close to 5 per cent on Tuesday, falling back to levels seen before the Iran-Israel conflict, after news of a tentative ceasefire between the two nations eased fears of a broader supply disruption. As of Tuesday mid-morning US time (around 7:30 PM IST), Brent crude, the global benchmark, was trading…
Volatility in gold prices has declined and its response to interest rate hikes has become increasingly asymmetric, signalling a deeper, structural shift in the metal’s role in global portfolios, said Llama Research in its June edition. According to the report, gold is no longer being driven purely by speculative flows or short-term rate expectations. “Volatility…
Crude oil futures continued to trade in the green, despite global volatility and some profit booking abroad. July crude oil futures on the Multi Commodity Exchange (MCX) were trading at Rs 6,324 per barrel, up Rs 25 or 0.4 per cent from the previous close. Meanwhile, on the COMEX, US crude contracts hovered at $74.54…
Crude oil futures fell more than 4% in early trading on Wall Street on Monday, following reports that Iran is seeking to cease hostilities with Israel and reinstate nuclear discussions. West Texas Intermediate (WTI) crude oil for July delivery declined by $3.30, or 4.52%, to $69.68 per barrel. Brent crude, the global benchmark, dropped by…
Gold prices on escalating geo-poltiical tensions has very swiftly gone beyond Rs 1 lakh levels on the MCX. As of the last count at around 10:36 am, gold August futures traded with gains of 1.78 per cent or Rs 1,753 to Rs 1,00,145 per 10 gm, while at the day’s high it marked a new…
After gold’s recent record high, another commodity metal Silver futures (July 4) touched an all time high of Rs 1,05,484 on Thursday, June 5, 2025 on MCX due several factors like weak US economic indicators, rising geopolitical tensions, a softening dollar, and robust industrial demand from sectors like electric vehicles and solar energy. According to…