Commodities Market Today | Crude Up 0.5%, Gold Down Nearly 1%

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The commodities market today reacts to improved China demand and upcoming US inflation data. The 10-year yield fell to 4.485%, dollar index lowered at 105.10, Brent crude rose 0.5% to $83.21, while spot gold fell nearly 1% to $2,337.04 per ounce.

Top News and Events

  • Treasury Yields Dip on Investor Caution: There was a slight dip in US Treasury bond yields as investors watched inflation data and Federal Reserve comments. The 10-year yield fell to 4.485%, and the 2-year to 4.861%.

  • Dollar Index Holds Steady Pre-Inflation Data: The dollar index held steady until the key inflation data release, closing slightly lower at 105.10 by the session end.

  • Oil Prices Rise on Improved Chinese Demand: Oil prices climbed due to improving Chinese demand and disruptions in Canadian supply, rebounding from a previous $1 drop. Brent crude futures rose 0.5% to $83.21, while US WTI crude futures increased 0.8% to $78.92.

  • Gold Prices Drop Amid Investor Profit-Taking: Gold prices dipped as investors took profits, with focus on upcoming inflation data for potential US interest rate changes. Spot gold fell nearly 1% to $2,337.04 after hitting its highest point since April 22 last Friday. US gold futures also declined by 1.3% to $2,343.60.

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 May 14, 2024, at 9:11 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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