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The commodities market today was influenced by warnings from Japan, easing of oil oversupply concerns, and Fed Rate speculation. The 10-year note yield dropped by 3 basis points to 4.459%, while the two-year note's yield rose by 0.6 basis points to 4.828%. The dollar index increased by 0.3% to 105.36. The US crude closed at $78.38 per barrel, down 0.13%, and Brent settled at $83.16 per barrel. US gold futures ended 0.3% lower at $2,324.20 per ounce.
US Bond Yields Shift: The 10-year note yield dropped by 3 basis points to 4.459%, while the two-year note's yield rose by 0.6 basis points to 4.828%.
Dollar Strengthens Despite Japan's Caution: The dollar initially weakened but later strengthened against other currencies, including the yen, despite Japan's warnings. The dollar index increased by 0.3% to 105.36.
Oil Prices Dip Amid Easing Oversupply Concerns: Oil prices dipped as concerns about oversupply eased. The US crude closed at $78.38 per barrel, down 0.13%, and Brent settled at $83.16 per barrel.
Gold Slides on Fed Rate Speculation: Gold prices fell, reversing previous gains, amid speculation about Fed rate cuts. US gold futures ended 0.3% lower at $2,324.20 per ounce.
Additional Read: Commodities Market Today
The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)
Name | LTP | Change | Change% |
GOLD | ₹71,212.00 | -313.00 | -0.44 |
SILVER | ₹83,012.00 | +134.00 | +0.17 |
COPPER | ₹860.6 | -6.3 | -0.73 |
CRUDE OIL | ₹6,545.00 | -6.00 | -0.09 |
NATURAL GAS | ₹184.30 | +1.10 | +0.60 |
Additional Read: Share Market News
Note: Stats/Prices updated as of May 8, 2024, at 9:30 AM
Source: Moneycontrol
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This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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