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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.
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 Read: Gold Rate Today
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
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