Commodities Market Today | Oil Up 0.47% Amid Supply Worries

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Synopsis:

The commodities market today opened subdued with US markets closed for July 4th. The 10-year yield held steady at 4.37%, and the dollar index slipped to 105.06. Crude oil increased by 0.47% to $83.69/barrel, while spot gold edged up by 0.02% to $2,360.55/ounce.

Top News and Events

  • Independence Day Market Closure: On Thursday, the US markets were closed for Independence Day, a national holiday.

  • Stable Treasury Yield: The 10-year US Treasury yield remained steady at 4.37%.

  • Minor Dollar Index Dip: The Dollar Index dipped slightly by 0.09%, settling at 105.06, reflecting minimal changes in currency value.

  • Crude Oil Price Increase: Crude oil prices rose by 0.47%, reaching $83.69 per barrel, due to supply concerns.

  • Gold Prices Edge Up: Gold prices edged up by 0.02%, now at $2,360.55 per ounce.

Additional Read: Commodities Market Today

Prices of Popular Commodities

The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)

Name

LTP

Change

Change%

GOLD

₹72,169.00

+194.00

+0.27

SILVER

₹89,919.00

+477.00

+0.53

COPPER

₹869.10

+18.30

+2.15

CRUDE OIL

₹7,007.00

+91.00

+1.32

NATURAL GAS

₹202.00

-1.40

-0.69

Note: Stats/Prices updated as of July 5, 2024, at 9:22 AM.

Source: Moneycontrol

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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