Commodities Market Today 18 April

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Top News and Events

  • Gold edges higher as Middle East tensions lift safe-haven appetite.

  • Metals whipsawed as US, UK sanctions on new Russian supplies rattle LME.

  • Gold rises Rs 300; silver jumps Rs 500.

Gold News:

  • Gold gains as Middle East tensions lift safe-haven appeal.

    • Spot gold was up 0.4% at $2,369.93 per ounce, as of 0107 GMT.

    • U.S. gold futures dipped 0.1% to $2,385.10 per ounce.

  • Gold steady as geopolitical risks counter higher treasury yields.

    • Gold prices hold steady amidst Middle East tensions and safe-haven demand.

    • Federal Reserve remains cautious on interest rates.

    • Israeli tanks re-enter Gaza.

    • Barrick Gold reports lower production.

    • Silver, platinum, and palladium prices fluctuate.

  • Gold eases as rate cut concerns counter geopolitical risks.

    • Gold prices eased on Tuesday, with rising expectations of fewer U.S. rate cuts this year overshadowing safe-haven demand amid ongoing tensions in the Middle East.

  • Gold Price Today: Yellow metal opens above Rs 72,000/10 grams mark, silver at Rs 83,273/kg.

  • Gold, silver prices hit fresh peaks on strong global cues amid escalating tensions in Middle East.

    • Extending gains for the second day, gold and silver prices hit fresh all-time high levels on Tuesday, tracking strong trends in the international markets amid fears of escalating tensions in the Middle East.

Oil News:

  • Oil inches up after U.S. reimposes Venezuela oil sanctions.

  • Brent futures were up 10 cents, or 0.11%, at $87.39 a barrel, while U.S. crude futures traded 2 cents higher at $82.71 a barrel at 0053 GMT.

  • The two benchmarks slid 3% in the previous session on demand worries.

  • Oil prices rise as Israel weighs response to Iran attack.

  • Oil sheds 1% after Iran attack, U.S. economic data.

Prices of Popular Commodities

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

NameLTPChangeChange%
GOLD72,458.00-65.00-0.09
SILVER83,470.00-29.00-0.03
COPPER829.800.000.00
CRUDEOIL6,926.00-8.00-0.12
NATURALGAS142.40-0.40-0.28

Note : Stats/Prices updated as on 18th April, 2024 at 08:44 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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Frequently Asked Questions

What exactly are commodities?

Answer Field

Commodities are raw materials or primary agricultural products traded on dedicated exchanges. They can be categorised as hard commodities (e.g., gold, oil) or soft commodities (e.g., coffee, cotton).

How does commodities trading differ from stock trading?

Answer Field

While stock trading involves buying and selling shares of publicly traded companies, commodities trading deals with the exchange of physical goods or raw materials. Additionally, commodities are often subject to supply and demand dynamics rather than company performance.

Can I trade commodities without owning the physical assets?

Answer Field

Yes, through derivatives such as futures contracts and options, traders can speculate on commodity price movements without owning the physical assets, enabling participation in commodities markets with lower capital requirements.

What is leverage in commodities trading, and how does it work?

Answer Field

Leverage allows traders to control a larger position with a smaller amount of capital, amplifying both potential profits and losses. While leverage can magnify returns, it also increases risk, so it's crucial to use it judiciously.

What are some common trading strategies in commodities markets?

Answer Field

Popular strategies include trend following, range trading, spread trading, and fundamental analysis-based approaches. Each strategy has its own set of rules and techniques suited to different market conditions.

How can I manage risk when trading commodities?

Answer Field

Implement risk management techniques such as setting stop-loss orders, diversifying your portfolio, avoiding over-leveraging, and staying informed about market developments and news that may impact commodity prices.

What are the potential risks associated with commodities trading?

Answer Field

Risks include price volatility, leverage risk, liquidity risk, regulatory risk, geopolitical risk, and risks specific to individual commodities such as weather-related risks for agricultural commodities or geopolitical tensions for energy commodities.

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