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Commodities Market Today | WTI Falls, Brent Crude Rises Slightly

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Synopsis:

he commodities market today is driven by mixed sentiments in crude and precious metals. On Wednesday, the 10-year yield fell to 3.80%, the dollar index slipped to 101.41, the WTI crude fell 1.7% to $71.96/barrel, while gold remained unchanged at $2,549.90/ounce.

Top News and Events

  • Treasury Yields Drop: The US two-year Treasury yield fell by 6.7 basis points to 3.93% on Wednesday, while the 10-year yield slightly decreased by 1.7 basis points to 3.80%.

  • Dollar Index Hits Lowest Since January: The dollar index declined to 101.41 on Wednesday, marking its lowest level since January.

  • WTI Crude Falls, Brent Crude Rises Slightly: West Texas Intermediate (WTI) crude oil dropped 1.7% to $71.96 per barrel, while Brent crude futures edged up to $76.08 per barrel.

  • Gold Steady, Silver Inches Up: Gold prices held steady at $2,549.90 per ounce, while silver increased slightly by 0.3% to $29.60 per ounce, reflecting stability in the precious metals market.

Prices of Popular Commodities

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

Name

LTP

Change (₹)

Change (%)

GOLD

₹71,417.00

-259.00

-0.36

SILVER

₹84,748.00

-361.00

-0.42

COPPER

₹803.10

-0.10

-0.01

CRUDE OIL

₹6,130.00

-111.00

-1.78

NATURAL GAS

₹184.20

-3.40

-1.81

Note: Stats/Prices updated as of August 22, 2024, at 9:02 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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