Commodities Market Today | Oil Extends Winning Streak with 0.6% Gain

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The commodities market today is driven by a positive demand outlook. The 10-year yield fell to 4.322%, the dollar index remained steady at 104.68. The Brent Crude climbed to $82.47/barrel, while spot gold rose by 0.5% to $2,339/ounce.

Top News and Events

  • Treasury Yields Fall on Signs of Lower Interest Expectations: The yield on the benchmark 10-year US Treasury note dropped by 8 basis points to 4.322%, after reaching a low of 4.25%, its lowest since April 1. 

  • 2-Year Treasury Yields Follow the Trend: The two-year US Treasury yield, which usually aligns with interest rate forecasts, decreased by 7.6 basis points, marking its largest daily decline since May 15, settling at 4.758%.

  • Dollar Index Stable: The dollar index remained steady at 104.68.

  • Gold and Silver Prices Climb: Gold increased by 0.5% to $2,339 per troy ounce, while silver surged by 1.8% to $29.76 per ounce, reflecting their safe-haven status amid market uncertainties.

  • Oil Prices Gain: On Wednesday, Brent crude settled at $82.47, whereas West Texas Intermediate (WTI) crude oil rose by 0.6% to $78.38 per barrel.

Additional Read: Commodities Market Today

Prices of Popular Commodities

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

























Note: Stats/Prices updated as of June 13, 2024, at 9:18 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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