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

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

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)

Name

LTP

Change

Change%

GOLD

₹71,995.00

-891.00

-1.22

SILVER

₹83,372.00

-895.00

-1.06

COPPER

₹871.60

+0.40

+0.05

CRUDE OIL

₹6,534.00

-84.00

-1.27

NATURAL GAS

₹188.00

-4.10

-2.13

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.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Frequently Asked Questions

What exactly is the stock market, and how does it work?

Answer Field

The stock market is a platform where investors buy and sell shares of publicly traded companies. It operates through stock exchanges, where supply and demand for securities determine prices.

Why should I consider investing in the stock market?

Answer Field

Investing in the stock market offers the potential for long-term wealth growth, dividend income, portfolio diversification, and ownership stakes in successful companies.

How can I start investing in the stock market?

Answer Field

To begin investing in stocks, individuals can open a brokerage account, conduct research on companies and industries, and start building a diversified portfolio aligned with their investment goals and risk tolerance.

What factors should I consider before investing in stocks?

Answer Field

Important factors to consider include investment goals, risk tolerance, time horizon, market research, diversification, and staying informed about economic and market trends.

What are the risks associated with stock market investments?

Answer Field

Risks include market volatility, liquidity risk, company-specific risks, and the potential for loss of capital. It's essential for investors to assess their risk tolerance and diversify their portfolios accordingly.

How do I stay informed about daily market happenings?

Answer Field

You can stay informed by monitoring financial news websites, market analysis reports, earnings announcements, economic indicators, and utilising real-time market data provided by reliable brokerage platforms.

What is the difference between long-term investing and trading in the stock market?

Answer Field

Long-term investing involves holding stocks for extended periods, typically years or decades, with a focus on capital appreciation and dividend income. Trading involves buying and selling stocks more frequently, often based on short-term price movements.

How can I mitigate risks in the stock market?

Answer Field

Risk mitigation strategies include diversifying your portfolio, setting stop-loss orders, conducting thorough research, avoiding over-leveraging, and maintaining a long-term perspective on investments.

Are there any specific tax implications associated with stock market investments?

Answer Field

Yes, tax implications vary depending on factors such as investment duration, type of account (e.g., taxable brokerage account, retirement account), and realised gains or losses from selling stocks.

Can I invest in the stock market with a small amount of capital?

Answer Field

Yes, many brokerage platforms offer fractional investing or allow investors to purchase partial shares, enabling individuals with limited capital to start investing in the stock market with smaller amounts.

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7 Lac+ Users

icon-with-text

4.3 App Rating

icon-with-text

4 Languages

icon-with-text

₹ 3800 Cr MTF Book

icon-with-text