Commodities Market Today | Crude Up 2% Ahead of US Inflation Report

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Synopsis:

The commodities market today is driven by expectations of future interest rate hikes. The 10-year yield rose to 4.47%, the dollar index increased to 105.161. The Brent Crude climbed above $81/barrel, while spot gold declined 0.38% to $2,302.14/ounce.

Top News and Events

  • 10-Year and 2-Year Treasury Yields Rise: The US 10-year yield increased by 4.3 basis points to 4.47% on Monday, while the two-year rate rose by 1.5 basis points to 4.89%.

  • Dollar Index Edges Up: The dollar index closed 0.05% higher, reaching 105.161.

  • Brent and WTI Crude Oil Prices Increase: Brent crude climbed above $81, up 2%, while WTI crude oil rose 3.2% to $77.97 per barrel ahead of key inflation data, scheduled to be released on Wednesday.

  • Gold and Silver Prices Plummet: Gold fell by 0.38% to 2,302.14 per ounce, and silver dropped by 1.95% to 29.1655 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

₹70,855.00

-893.00

-1.24

SILVER

₹88,805.00

-1589.00

-1.76

COPPER

₹861.50

-7.90

-0.91

CRUDE OIL

₹6,491.00

+190.00

+3.02

NATURAL GAS

₹242.60

-0.80

-0.33

Note: Stats/Prices updated as of June 11, 2024, at 9:25 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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