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The commodities market today features the U.S. crude oil’s surge over 2%, closing above $68 per barrel, while Brent rose 1.93%. Gold prices hit a record high, rising 1.8%, as expectations of a Federal Reserve interest rate cut grew following signs of a slowing U.S. economy.
U.S. crude oil jumped more than 2% to close above $68 per barrel on Thursday after a recent sharp decline.
Brent November contract: $71.97 per barrel, up 1.93%.
Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy. Spot gold was up 1.8% at $2,556.86 per ounce.
The day’s rate of Gold, Silver, Copper, Crude Oil and Natural Gas
Name | LTP | Change (₹) | Change (%) |
GOLD | ₹72,861.00 | 37.00 | 0.05 |
SILVER | ₹87,100.00 | 5.00 | 0.01 |
COPPER | ₹798.55 | -0.10 | -0.01 |
CRUDE OIL | ₹5,806.00 | 116.00 | 2.04 |
NATURAL GAS | ₹199.80 | 8.00 | 4.17 |
Note: Stats/Prices updated as of September 13, 2024, at 9:00 AM.
Source: Moneycontrol
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