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The commodities market today responds to the US business activity surge. The 10-year yield rose to 4.479%, the dollar index rose to 104.90, US crude dropped 3% for the week, while spot gold fell to $2,328.61/ounce.
Dollar Rises on Strong US Business Activity: US business activity surge in May boosts the dollar against euro, closing at 104.90 on Thursday.
US Treasury Yields Surge on Economic Data: US Treasury yields climb as economic data beats expectations, with 10-year at 4.479% and 2-year at 4.935% on Thursday.
Crude Oil Prices Dip Ahead of Memorial Day: Crude oil prices drop ahead of Memorial Day weekend, with US crude down 3% and Brent falling 4% for the week.
Gold Falls Amidst Rate Cut Concerns: Gold hit a week low on Thursday, declining for the third time amidst concerns over US rate cuts and strong business activity, at $2,328.61 per ounce.
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 | ₹72,557.00 | -1355.00 | -1.83 |
SILVER | ₹89,828.00 | -2904.00 | -3.13 |
COPPER | ₹899.40 | -18.30 | -1.99 |
CRUDE OIL | ₹6,456.00 | -101.00 | -1.54 |
NATURAL GAS | ₹236.50 | +13.80 | +6.20 |
Additional Read: Crude Oil & Natural Gas
Note: Stats/Prices updated as of May 24, 2024, at 9:17 AM.
Source: Moneycontrol
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