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The commodities market today is driven by demand concerns in China. On Friday, the 10-year yield dropped to 3.88%, the dollar index held steady at 102.40, the WTI crude decreased by 1.9% at $76.68/barrel, while gold climbed 2.2% to $2,545.90/ounce.
US Treasury Yields Slip: The US two-year Treasury yield fell by 4.9 basis points to 4.05%, while the 10-year yield dropped 4.5 basis points, closing at 3.88%.
Dollar Index Holds Steady: The dollar index, which measures the dollar's strength against a basket of major currencies, closed at 102.40.
Oil Prices Drop on China Demand Concerns: WTI crude oil decreased by 1.9% to $76.68 per barrel, while Brent crude traded at $79.39 per barrel. The drop in oil prices is driven by ongoing concerns about weak demand from China.
Precious Metals Surge: Gold climbed 2.2% to $2,545.90 per ounce, and silver rose 2.1% to $29.02 per ounce.
The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)
Name | LTP | Change (₹) | Change (%) |
GOLD | ₹70,265.00 | -183.00 | -0.26 |
SILVER | ₹81,482.00 | +640.00 | +0.79 |
COPPER | ₹792.40 | +4.30 | +0.55 |
CRUDE OIL | ₹6,461.00 | -118.00 | -1.79 |
NATURAL GAS | ₹186.30 | +5.90 | +3.27 |
Note: Stats/Prices updated as of August 19, 2024, at 9:13 AM.
Source: Moneycontrol
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