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The commodities market today responds to interest rate and inflation news. The 10-year yield fell to 4.42%, the dollar index rose 0.15%, US crude settled at $79.80/barrel, down 0.32%, and spot gold rose 0.4% to $2,424.69/ounce.
Treasury Yields Slightly Rise Amid Fed Uncertainty: US Treasury yields rose slightly as Fed officials hinted at rate cut uncertainty. The 10-year notes fell 7/32, pushing the yield to 4.4453% from 4.42%.
Dollar Edges Up Ahead of Interest Rate News: The dollar edged up as investors awaited interest rate news. The dollar index rose 0.15%, while the euro slipped 0.11% to $1.0858.
Crude Prices Steady Despite Mixed Fed Signals: Crude prices held steady despite mixed Fed signals and easing inflation concerns. US crude settled at $79.80, down 0.32%, and Brent at $83.71, down 0.32%.
Gold Hits New Highs on Inflation News: Gold hit new highs on inflation news, and silver reached a decade high. Spot gold rose 0.4% to $2,424.69 per ounce.
Copper Reaches Record High on China Property Stabilization: Copper hit a record high after China's efforts to stabilise its property market, rising 2.97% to $10,985 per tonne.
Additional Read: Commodities Market Today
The day’s rate of Gold, Silver, Natural Gas, Crude Oil (Brent), Crude Oil (WTI)
Name | LTP | Change | Change% |
GOLD | ₹73,853.00 | +837.00 | +1.15 |
SILVER | ₹92,475.00 | +6219.00 | +7.21 |
COPPER | ₹967.00 | +67.90 | +7.55 |
CRUDE OIL | ₹6,662.00 | -22.00 | -0.33 |
NATURAL GAS | ₹229.70 | +10.50 | +4.79 |
Note: Stats/Prices updated as of May 21, 2024, at 2:01 PM.
Source: Moneycontrol, EconomicTimes
Additional Read: Share Market News
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