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The commodities market today features the U.S. crude oil’s surge over 2%, closing above $68 per barrel, while Brent rose 1.93%. Gold prices hit a record high, rising 1.8%, as expectations of a Federal Reserve interest rate cut grew following signs of a slowing U.S. economy.
West Texas Intermediate crude oil rose 0.3% to $68.36 a barrel. Brent crude futures for December delivery increased 13 cents, or 0.18%, to $71.83 a barrel.
Brent futures for the entire month of September was down by 9%.
Gold fell 0.5% to $2,654.70 per troy ounce, while silver lost 1.2% to $31.44 per ounce.
The day’s rate of Gold, Silver, Copper, Crude Oil and Natural Gas
Name | LTP | Change (₹) | Change (%) |
GOLD | ₹74,924.00 | 55.00 | 0.07 |
SILVER | ₹90,641.00 | -78.00 | -0.09 |
COPPER | ₹851.65 | 0.30 | 0.04 |
CRUDE OIL | ₹5,745.00 | 3.00 | 0.05 |
NATURAL GAS | ₹243.10 | -0.90 | -0.37 |
Note: Stats/Prices updated as of October 01, 2024, at 9:00 AM.
Source: Moneycontrol
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