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The commodities market today is driven by fears of Iran retaliating against Israel and the US. On Tuesday, the 10-year yield surged to 3.9%, the dollar index rose to 102.94, WTI crude oil dipped 0.1% to $72.88/barrel, while gold fell 0.6% to $2,429.20/ounce.
Bond Yields Surge: The US 10-year yield surged by 11.7 basis points to 3.9%, while the two-year rate jumped 10.6 basis points to 3.99%.
Dollar Gains Slightly: The dollar index edged up 0.07% to 102.94. The dollar strengthened 0.4% to 144.74, while the euro slipped 0.2% to $1.093.
Mixed Oil Prices Reflect Market Uncertainty: West Texas Intermediate crude oil dipped 0.1% to $72.88 a barrel, while Brent crude oil futures rose to $76.5 per barrel, rebounding from a seven-month low.
Rising Tensions in the Middle East Affect Oil Supply Fears: Concerns about escalating Middle East tensions, particularly Iran's threats of retaliation against Israel and the US, have raised fears of supply disruptions.
Precious Metals Fall: Gold dropped 0.6% to $2,429.20 per ounce, and silver decreased 0.5% to $27.07 per ounce.
The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)
Name | LTP | Change | Change% |
GOLD | ₹68,996.00 | -261.00 | -0.38 |
SILVER | ₹79,000.00 | -975.00 | -1.22 |
COPPER | ₹777.30 | -5.70 | -0.73 |
CRUDE OIL | ₹6,142.00 | +27.00 | +0.44 |
NATURAL GAS | ₹168.70 | +5.90 | +3.62 |
Note: Stats/Prices updated as of August 7, 2024, at 9:18 AM.
Source: Moneycontrol
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