Commodities Market Today 22 April

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Synopsis:

Today's commodities market showcases significant movements: gold extends its rise amidst Middle East tensions, oil prices surge following reports of explosions in Iran, and the Federal Reserve maintains its monetary policy. These dynamics provide crucial insights for traders monitoring gold, silver, oil, and other commodities.

Top News and Events

  • Commodity Market Movements: Gold prices have declined by over ₹500 to reach ₹72,250 for 10 grams, while silver is priced at ₹82,390 per kilogram due to fluctuations in global markets, or geopolitical tensions.

  • Venezuela oil sanctions: The reimposition of oil sanctions by the United States on Venezuela has caused oil prices to increase slightly as it can restrict the flow of oil from the sanctioned country to global markets, leading to a decrease in supply and potentially higher prices.

  • Geopolitical risks: Geopolitical risks, such as tensions between nations or regions, often increase the demand for gold as investors view it as a safe-haven asset during uncertain times.

  • Sharp swing in metals: Metals experienced significant volatility, with aluminum hitting a record surge before retracting most of its gains. This turbulence followed the imposition of US and UK sanctions, which prohibited the delivery of fresh Russian supplies to the London Metal Exchange.

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

72,250.00

-536.00

-0.74

SILVER

82,390.00

-1107.00

-1.34

COPPER

848.20

3.05

0.36

CRUDE OIL

6,815.00

-82.00

-1.19

NATURAL GAS

145.70

-1.10

-0.75

Note : Stats/Prices updated as on 22nd April, 2024 at 10:05 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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