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Commodities Market Today | Crude Falls 3rd Day, Down Over 1%

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Synopsis:

The commodities market today responds to the release of Federal Reserve meeting minutes. The 10-year yield rose to 4.426%, the dollar index rose to 104.886, US crude fell to $77.57/barrel, while spot gold fell to $2,377.43/ounce.

Top News and Events

  • Treasury Yields Inch Up Amid Fed Caution: US Treasury yields experienced a slight increase, reaching 4.426%, reflecting the Federal Reserve's caution regarding potential rate cuts.

  • Dollar Strengthens, Hits 104.886 on Index: The dollar displayed strength, rising to 104.886 on the index, marking a 0.26% increase.

  • Crude Prices Decline for Third Day Straight: Crude prices witnessed a third consecutive decline, with US crude settling at $77.57 and Brent at $81.90 per barrel, both registering a decrease of over 1%.

  • Gold Prices Dip Over 1% Amid Rate Cut Uncertainty: Gold prices saw a decrease of over 1%, dropping to $2,377.43 per ounce as investors withdrew from their expectations of rate cuts by the Federal Reserve.

Additional ReadGold Rate 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

₹73,912.00

-20.00

-0.03

SILVER

₹92,732.00

-17.00

-0.02

COPPER

₹917.70

-16.10

-1.72

CRUDE OIL

₹6,557.00

-105.00

-1.58

NATURAL GAS

₹222.70

-7.00

-3.05

Additional Read: Commodities Market Today

Note: Stats/Prices updated as of May 23, 2024, at 9:11 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.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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