BAJAJ BROKING
Commodity News: Global market dynamics and geopolitical issues are affecting commodity prices:
Gold Prices: Spot gold reached a new high at $2,389.29 per ounce, primarily driven by safe-haven demand amidst global economic uncertainties.
Oil Prices: Brent crude futures and West Texas Intermediate crude have seen an uptick, attributed to tensions in the Middle East affecting the global supply chain.
Inflation Concerns: A $10 per barrel increase in oil prices could significantly impact consumer prices in India and other Asian economies, presenting a challenge to inflation management strategies.
US Inflation and Gold Prices: Resurgent inflation in the US could lead to prolonged high-interest rates, affecting gold prices and potentially driving the US Dollar Index higher, which may negatively impact commodity prices.
Addition Read: Commodity Market Updates
The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)
Name | LTP | Change | Change% |
---|---|---|---|
GOLD | 72,413.00 | 769.00 | 1.07% |
SILVER | 83,839.00 | 992.00 | 1.20% |
COPPER | 819.25 | 2.70 | 0.33% |
CRUDEOIL | 7,139.00 | 30.00 | 0.42% |
NATURALGAS | 147.10 | -0.60 | -0.41% |
Note : Stats/Prices updated as on 12th April, 2024 at 09:19 AM
Addition Read: Stocks vs. Mutual Funds vs. Gold
Embark on a comprehensive exploration of commodities trading with our detailed guide. We'll start with the fundamentals, introducing you to the different commodities available for trading and the advantages they offer. As we progress, we'll provide essential tips for entering the market, highlight important considerations, and discuss the potential risks associated with commodities trading. Join us to discover how you can navigate this dynamic market and make informed trading decisions.
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.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading